What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2022-03-10 compared with 2021-03-05 · 2 added, 1 removed, 10 unchanged (23% of the section changed)

4 unchanged sentences

The analysis below presents the sensitivity of the market value of our financial instruments to selected changes in market interest rates.

At December 31, 2020, our total indebtedness of $1.1 billion was comprised of 100% variable-rate debt.

At December 31, 2021, our total indebtedness of approximately $1.2 billion included approximately $1.1 billion of variable-rate debt.

The impact on the results of operations of a 25-basis point change in the interest rate on the outstanding balance of variable-rate debt at December 31, 2021, would be approximately $2.7 million per year.

Interest rate changes have no impact on the remaining $86.3 million of fixed-rate debt.

The above amounts were determined based on the impact of hypothetical interest rates on our borrowings and assume no changes in our capital structure.

3 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.