2 unchanged sentences
In the second quarter of 2019, we entered into an interest rate swap and cross-currency swap for hedging purposes.
−Removed: Refer to details noted above (see Note 19, "Derivative Instruments and Hedging Activities" ).
−Removed: Additionally, as of September 30, 2021, our borrowings were under a revolving loan bearing interest at a fluctuating rate as defined by the Credit Agreement plus an applicable rate.
+Added: Refer to details noted above (see Note 19 ).
+Added: Additionally, as of March 31, 2022, our borrowings were under a revolving loan bearing interest at a fluctuating rate as defined by the Credit Agreement plus an applicable rate.
The applicable rate is based upon our consolidated net leverage ratio, as defined in the Credit Agreement.
−Removed: A 100 basis point increase or decrease in interest rates, applied to our borrowings at September 30, 2021, would result in an increase or decrease in annual interest expense and a corresponding reduction or increase in cash flow of approximate ly $1,086 .
+Added: A 100 basis point increase or decrease in interest rates, applied to our borrowings at March 31, 2022, would result in an increase or decrease in annual interest expense and a corresponding reduction or increase in cash flow of approxi mately $1,286.
We are exposed to commodity price risks, including prices of our primary raw materials.
2 unchanged sentences
Our practices may change as economic conditions change.
−Removed: Additionally, as disclosed below in Part II, Item 1A, we are monitoring market risks related to the current COVID-19 pandemic very closely.
Interest Rate Risk
−Removed: We have exposure to market risk for changes in interest rates, including the interest rate relating to the Credit Agreement.
+Added: We have exposure to market risk for changes in interest rates, including the interest rate relating to the Credit Agreement dated.
In the second quarter of 2019, we began to manage our interest rate exposure through the use of derivative instruments.
All of our derivative instruments are utilized for risk management purposes, and are not used for trading or speculative purposes.
−Removed: We have hedged a portion of our floating interest rate exposure using an interest rate swap (see Note 19, "Derivative Instruments and Hedging Activities").
−Removed: As of September 30, 2021, the notional amount of our outstanding interest rate swap was $108,569.
+Added: We have hedged a portion of our floating interest rate exposure using an interest rate swap (see Note 19 to our condensed consolidated financial statements).
+Added: As of March 31, 2022, the notional amount of our outstanding interest rate swap was $108,569.
Foreign Currency Exchange Risk
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Therefore, we are exposed to foreign currency exchange risk related to these currencies.
−Removed: In the second quarter of 2019, we entered into a cross-currency swap, with a notional amount of $108,569, which we designated as a hedge of our net investment in Chemogas (see Note 19, "Derivative Instruments and Hedging Activities").
+Added: In the second quarter of 2019, we entered into a cross-currency swap, with a notional amount of $108,569, which we designated as a hedge of our net investment in Chemogas.
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.