11 unchanged sentences
It is our policy to enter into derivative contracts only with counterparties that are creditworthy institutions deemed by management as competitive market makers.
−Removed: As of June 30, 2022, we did not post collateral under any of our derivative contracts as they are secured under our Term Loan Agreement.
+Added: As of September 30, 2022, we did not post collateral under any of our derivative contracts as they are secured under our Term Loan Agreement.
We account for our derivative activities on the balance sheet as either an asset or liability measured at fair value.
7 unchanged sentences
Our interest rate risk exposure results primarily from fluctuations in short-term rates, which are LIBOR-based and may result in reductions of earnings or cash flows due to increases in the interest rates we pay on these obligations.
−Removed: At June 30, 2022, the principal amount of our debt was $220.0 million, which all bears interest at floating and variable interest rates that are tied to LIBOR.
+Added: At September 30, 2022, the principal amount of our debt was $220.0 million, which all bears interest at floating and variable interest rates that are tied to LIBOR.
Fluctuations in market interest rates will cause our annual interest costs to fluctuate.
−Removed: At June 30, 2022, the weighted average interest rate on our variable rate debt was 9.25% per year.
−Removed: If the balance of our variable interest rate at June 30, 2022 were to remain constant, a 10% change in market interest rates would impact our cash flows by approximately $2.0 million per year .
+Added: At September 30, 2022, the weighted average interest rate on our variable rate debt was 10.67% per year.
+Added: If the balance of our variable interest rate at September 30, 2022 were to remain constant, a 10% change in market interest rates would impact our cash flows by approximately $2.3 million per year .
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.