8 unchanged sentences
We may enter into derivative financial instruments to mitigate the potential impact of commodity price fluctuations on our results of operations or cash flows.
−Removed: As of April 1, 2023, we had no such derivative financial instruments in place.
+Added: As of July 1, 2023, we had no such derivative financial instruments in place.
Interest Rate Risk
1 unchanged sentence
Changes in market interest rates could also affect our interest expense.
−Removed: We are exposed to interest rate risk arising from fluctuations in variable-rate LIBOR or other applicable benchmark rate, such as SOFR, when we have loan amounts outstanding on our revolving credit facility.
+Added: We are exposed to interest rate risk arising from fluctuations in variable-rate SOFR or other applicable benchmark rates when we have loan amounts outstanding on our revolving credit facility.
We do not believe that a one percent increase in interest rates, for example, would have a material effect on our results of operations or cash flows.
−Removed: As of April 1, 2023, we had no outstanding borrowings on our revolving credit facility.
+Added: As of July 1, 2023, we had no outstanding borrowings on our revolving credit facility.
Our senior secured notes bear interest at a fixed rate, therefore, our interest expense related to these notes would not be affected by an increase in market interest rates.
We may enter into derivative financial instruments to mitigate the potential impact of interest rate risk on our results of operations or cash flows.
−Removed: As of April 1, 2023, we had no such derivative financial instruments in place.
+Added: As of July 1, 2023, we had no such derivative financial instruments in place.
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.