4 unchanged sentences
We manage our variable rate interest rate risk through a combination of short-term and long-term borrowings and the use of derivative instruments entered into for hedging purposes.
−Removed: Our interest rate exposure includes LIBOR rates.
+Added: Our interest rate exposure includes LIBOR and SOFR rates.
The Financial Conduct Authority in the U.K.
1 unchanged sentence
We do not currently anticipate a significant impact to our financial position or results of operations as a result of this action as we expect that our financial contracts currently indexed to LIBOR will either expire or be modified without significant financial impact before the phase out occurs.
−Removed: Due to the nature of our debt, the materiality of the fair values of the
−Removed: Third Quarter 2021 Form 10-Q
−Removed: Blackbaud, Inc.
−Removed: derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of September 30, 2021, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
−Removed: There were no significant changes in how we manage interest rate risk between December 31, 2020 and September 30, 2021.
+Added: Due to the nature of our debt, the materiality of the fair values of the derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of March 31, 2022, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
+Added: There were no significant changes in how we manage interest rate risk between December 31, 2021 and March 31, 2022.
Foreign Currency Risk
1 unchanged sentence
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.