6 unchanged sentences
We have interest rate risk relative to our outstanding borrowings under our revolving credit facility.
−Removed: At October 28, 2022, our
+Added: At January 27, 2023, our
outstanding borrowings totaled $160,000 under our revolving credit facility (see Note 4 to the Condensed Consolidated Financial Statements).
−Removed: Loans under the 2022 Revolving Credit Facility bear interest, at our election, either at the prime rate or
−Removed: 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: Loans under the 2022 Revolving Credit Facility bear interest, at our election, either at the prime rate
+Added: or 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
+Added: applicable margin.
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.
−Removed: Our policy has
−Removed: been to manage interest cost using a mix of fixed and variable rate debt (see Notes 4 and 8 to our Consolidated Financial Statements).
−Removed: In the fourth quarter of 2021, we issued and sold the Notes, which bear cash interest at a fixed rate of 0.625%
+Added: policy has 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
+Added: rate of 0.625% per annum.
The impact of a one-percentage point increase or decrease in the $160,000 of our outstanding borrowings under our revolving credit facility is approximately $1,600 on a pre-tax annualized basis.
3 unchanged sentences
and the Warrant Transactions in its favor.
−Removed: Based on the Company’s review of the possible net settlements and the creditworthiness of the Hedge Counterparties and their affiliates, the Company believes it does not have a material exposure to credit
−Removed: risk as a result of these transactions at this time.
+Added: Based on the Company’s review of the possible net settlements and the creditworthiness of the Hedge Counterparties and their affiliates, the Company believes it does not have a material exposure to
+Added: credit risk as a result of these transactions at this time.
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.