1 unchanged sentence
Our cash and cash equivalents are held primarily in checking accounts, certificates of deposit, and money market investment funds.
−Removed: In 2019, we entered into an interest rate swap and cross-currency swap for hedging purposes.
−Removed: This derivative settled on its maturity date of June 27, 2023.
−Removed: Re fer to details noted above (see Note 19, Derivative Instruments and Hedging Activities ).
−Removed: Additionally, as of September 30, 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 ).
+Added: Additionally, as of March 31, 2025, 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.
−Removed: A 100 basis point increase or decrease in interest rates, applied to our borrowings at September 30, 2024, would result in an increase or decrease in annual interest expense and a corresponding reduction or increase in cash flow of approxi mately $2,270.
+Added: A 100 basis point increase or decrease in interest rates, applied to our borrowings at March 31, 2025, would result in an increase or decrease in annual interest expense and a corresponding reduction or increase in cash flow of approxi mately $1,900.
We are exposed to commodity price risks, including prices of our primary raw materials.
4 unchanged sentences
We have exposure to market risk for changes in interest rates, including the interest rate relating to the 2022 Credit Agreement.
−Removed: In the second quarter of 2019, we began to manage our interest rate exposure through the use of derivative instruments.
−Removed: These derivatives were utilized for risk management purposes, and were not used for trading or speculative purposes.
−Removed: We hedged a portion of our floating interest rate exposure using an interest rate swap (see Note 19, Derivative Instruments and Hedging Activities ), which settled on its maturity date of June 27, 2023.
Foreign Currency Exchange Risk
2 unchanged sentences
Therefore, we are exposed to foreign currency exchange risk related to these currencies.
−Removed: In 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 ).
−Removed: This derivative settled on its maturity date of June 27, 2023.
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.