5 unchanged sentences
Interest rate fluctuations expose variable-rate debt of the organization to changes in interest expense and cash flows.
−Removed: As of August 31, 2024, our long-term debt consisted primarily of fixed-rate senior unsecured notes.
+Added: As of August 31, 2025, our long-term debt consisted of fixed-rate senior unsecured notes and variable-rate borrowings on the term loan facility.
A fluctuation in interest rates would not affect interest expense or cash flows related to the Company’s fixed-rate debt.
However, a 10% increase in market interest rates at August 31, 2025 would have decreased the estimated fair value of our senior unsecured notes by approximately $9.6 million.
−Removed: As of August 31, 2024, we had no borrowings outstanding on our credit facility.
−Removed: Interest incurred on these borrowings is not significant to our overall results of operations or cash flows.
+Added: As of August 31, 2025, we had $400.0 million borrowings outstanding on our credit facility.
+Added: A hypothetical increase in interest rates of 10% would increase the annual interest expense on this outstanding debt by approximately $2.2 million.
See the Debt and Lines of Credit footnote of the Notes to Consolidated Financial Statements contained in this Form 10-K for additional information.
13 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.