2 unchanged sentences
In 2019, we entered into an interest rate swap and cross-currency swap for hedging purposes.
−Removed: These derivatives settled on their maturity date of June 27, 2023.
−Removed: Refer to details noted below (see Note 20, Derivative Instruments and Hedging Activities ).
−Removed: Additionally, as of December 31, 2024, our borrowings were under a revolving loan bearing interest at a fluctuating rate as defined by the 2022 Credit Agreement plus an applicable rate (see Note 8, Revolving Loan ).
+Added: These derivatives settled on their maturity date of June 27, 2023 (refer to "Interest Rate Risk" and "Foreign Currency Exchange Risk" below and Note 19, Derivative Instruments and Hedging Activities ).
+Added: Additionally, as of December 31, 2025 and 2024, our borrowings were under a revolving loan bearing interest at a fluctuating rate as defined by the 2022 Credit Agreement plus an applicable rate (see Note 7, Revolving Loan ).
The applicable rate is based upon our consolidated net leverage ratio, as defined in the 2022 Credit Agreement.
7 unchanged sentences
In the second quarter of 2019, we began to manage our interest rate exposure through the use of derivative instruments.
−Removed: derivatives were utilized for risk management purposes, and were not used for trading or speculative purposes.
+Added: These derivatives were utilized for risk management purposes, and were not used for trading or speculative purposes.
We hedged a portion of our floating interest rate exposure using an interest rate swap (see Note 19, Derivative Instruments and Hedging Activities ).
7 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.