Quantitative and Qualitative Disclosures About Market Risk
−Removed: As of March 31, 2021, we held cash, cash equivalents and marketable securities of $1,001.3 million.
+Added: As of June 30, 2021, we held cash, cash equivalents and marketable securities of $898.4 million.
Our cash equivalents consist of amounts invested in money market accounts, such as money market funds and short-term commercial paper.
4 unchanged sentences
We do not believe that our cash, cash equivalents or marketable securities have a significant risk of default or illiquidity.
−Removed: As of March 31, 2021, we had $92.5 million in variable rate debt outstanding.
−Removed: The Hercules Term Loan, which had a principal balance of $75.0 million, matures in November 2023, with interest-only monthly payments until July 2022.
−Removed: Tranche I bears interest at a floating rate equal to the greater of:
−Removed: (i) the prime rate as reported in the Wall Street Journal plus 3.85% and (ii) 8.75% (8.75% as of March 31, 2021);
−Removed: Tranche II bears interest at a floating rate of equal to the greater of:
−Removed: (i) the prime rate as reported in the Wall Street Journal plus 2.85% and (ii) 8.60% (8.60% as of March 31, 2021);
−Removed: and Tranche III bears interest at a floating rate of equal to the greater of:
−Removed: (i) the prime rate as reported in the Wall Street Journal plus 3.10% and (ii) 8.85% (8.85% as of March 31, 2021).
−Removed: The SVB and Hercules Loan Agreement entered into by Eidos, which matures in October 2023, had a principal balance of $17.5 million as of March 31, 2021 and bears interest equal to the greater of either (i) 8.50% or (ii) 3.25% plus the prime rate as reported in The Wall Street Journal (8.50% as of March 31, 2021).
−Removed: The loan repayment schedule provides for interest only payments until November 2021, followed by consecutive equal monthly payments of principal and interest commencing on this date continuing through maturity.
+Added: As of June 30, 2021, we had $100.0 million in variable rate debt outstanding.
+Added: The Hercules Term Loan, which had a principal balance of $100.0 million, matures in May 2025, with interest-only monthly payments until June 2024.
+Added: The Hercules Term Loan provides for an interest rate on the outstanding principal balance equal to the greater of (x) a floating interest rate linked to the prime rate as reported in the Wall Street Journal plus 4.40% and (y) 7.65% (7.65% as of June 30, 2021), payable monthly.
A hypothetical 100 basis point change in interest rate during any of the periods presented would not have had a material impact on our financial statements.
−Removed: Our 2029 Notes and 2027 Notes had principal balances of $747.5 million and $550.0 million, respectively, as of March 31, 2021 and bear fixed interest rates.
+Added: Our 2029 Notes and 2027 Notes had principal balances of $747.5 million and $550.0 million, respectively, as of June 30, 2021 and bear fixed interest rates.
Our cash flows on these debt obligations are not subject to variability as a result of changes in interest rates.
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.