3 unchanged sentences
In the first quarter of fiscal 2019, we entered into a four-year interest rate collar contract with a notional value of $150.0 million to partially mitigate our exposure to interest rate fluctuations on our variable rate term loan debt.
−Removed: The collar establishes a range where we
−Removed: will pay the counter-party if the three-month LIBOR rate falls below the established floor rate of 1.5% , and the counter-party will pay us if the three-month LIBOR rate exceeds the ceiling rate of 3.3% .
−Removed: At September 28, 2019 , the Company carried $186.3 million of term loan debt with a rate of LIBOR plus 225 basis points.
−Removed: Giving effect to our interest rate collar, a 100 basis point increase in Blue Bird's effective interest rate under its Credit Facilities related to LIBOR changes would result in additional expense of $1.7 million per annum, and a 100 basis point decrease related to the LIBOR rate would reduce expense by $1.0 million per annum.
+Added: The collar establishes a range where we will pay the counter-party if the three-month LIBOR rate falls below the established floor rate of 1.5% , and the counter-party will pay us if the three-month LIBOR rate exceeds the ceiling rate of 3.3% .
Commodity Risk
10 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.