6 unchanged sentences
We have interest rate risk relative to our outstanding borrowings under our revolving credit facility.
−Removed: At April 29, 2022, our
+Added: At October 28, 2022, our
outstanding borrowings totaled $190,000 under our revolving credit facility (see Note 4 to the Condensed Consolidated Financial Statements).
Loans under the 2022 Revolving Credit Facility bear interest, at our election, either at the prime rate or
−Removed: LIBOR plus a percentage point spread based on certain specified financial ratios.
−Removed: Our policy has been to manage interest cost using a mix of fixed and variable rate debt (see Note 4 to our Condensed Consolidated Financial Statements).
−Removed: fourth quarter of 2021, we issued and sold the Notes, which bear cash interest at a fixed rate of 0.625% per annum.
+Added: a rate 0.5% in excess of the Federal Funds Rate or a rate 1.0% in excess of one-month Term Secured Overnight Financing Rate (SOFR), in each case plus an applicable margin, or the one-, three-, or six-month per annum Term SOFR plus an applicable
+Added: Under the 2019 Revolving Credit Facility, loans bore interest, at our election, either at the prime rate or London Inter-Bank Offer Rate (LIBOR) plus a percentage point spread based on certain specified financial ratios.
+Added: Our policy has
+Added: been to manage interest cost using a mix of fixed and variable rate debt (see Notes 4 and 8 to our Consolidated Financial Statements).
+Added: In the fourth quarter of 2021, we issued and sold the Notes, which bear cash interest at a fixed rate of 0.625%
The impact of a one-percentage point increase or decrease in the $190,000 of our outstanding borrowings under our revolving credit facility is approximately $1,900 on a pre-tax annualized basis.
6 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.