6 unchanged sentences
As of December 31, 2025, our $1.0 billion of outstanding long-term variable-rate debt is indexed to SOFR plus a weighted average margin of 244 basis points.
−Removed: Accordingly, our annual
−Removed: interest expense related to long-term variable rate debt is directly affected by movements in SOFR.
−Removed: As of December 31, 2024, $1.0 billion, or 91%, of our long-term variable rate debt is subject to interest rate cap or swap agreements and $0.1 billion of our variable rate debt is not subject to any interest rate cap or swap agreements.
+Added: Accordingly, our annual interest expense related to long-term variable-rate debt is directly affected by movements in SOFR.
+Added: As of December 31, 2025, all $1.0 billion of our outstanding long-term variable-rate debt is subject to interest rate cap or swap agreements.
For our SOFR interest rate cap and swap agreements as of December 31, 2025, the weighted average fixed interest rate is 4.25%, and the weighted average remaining term is 0.9 years.
8 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.