25 unchanged sentences
We have exposure to changes in interest rates on our indebtedness.
−Removed: As of December 31, 2022, we had $10.0 million of outstanding borrowings under our Credit Facility, bearing interest at a weighted-average interest rate of 6.92%.
−Removed: The impact of a 1% increase in the interest rate on this amount of debt would have resulted in an increase in interest expense, and a corresponding decrease in our results of operations, of $0.1 million for the year ended December 31, 2022, assuming that our indebtedness remained constant throughout the period.
+Added: During the twelve months ended December 31, 2023, we had weighted average outstanding borrowings under our Credit Facility of $3.4 million, bearing interest at a weighted-average interest rate of 7.36%.
+Added: The impact of a 1% increase in the interest rate on this amount of debt would have resulted in an increase in interest expense, and a corresponding decrease in our results of operations, of less than $0.1 million for the year ended December 31, 2023, assuming that our indebtedness remained constant throughout the period.
We may use certain derivative instruments to hedge our exposure to variable interest rates in the future, but we do not currently have any interest rate hedges in place.
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.