What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2025-03-28 compared with 2024-03-22 · 2 added, 2 removed, 16 unchanged (20% of the section changed)

11 unchanged sentences

Interest Rate Risk

The loans under the Credit Agreement bear interest at a variable annual rate of the Secured Overnight Financing Rate (“Term SOFR”) (but not less than 2.5% or more than 5.5%) plus 7.5% payable quarterly.

Consequently, we have material interest rate exposure due to our indebtedness, however this risk is hedged in part by the floor and ceiling on TERM SOFR rates.

The loans under the Credit Agreement bear interest at a fixed rate of 13% payable quarterly.

Consequently, we have material interest rate exposure due to our indebtedness if market rates drop in the future.

Capital Market Risk

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.