3 unchanged sentences
A change in the Federal Funds Rate, or the reference rate set by Bank of America, N.A., would have affected the rate at which we could borrow funds under the 2024 Credit Facilities.
−Removed: The balance outstanding under our 2024 Credit Facilities at June 30, 2025 was $1,573.7 million, of which $1,273.7 million was subject to rate risk.
−Removed: If market rates were to increase or decrease 100 basis points from the levels at June 30, 2025, interest expense would have increased or decreased approximately $12.7 million annually.
+Added: The balance outstanding under our 2024 Credit Facilities at September 30, 2025 was $1,586.8 million, of which $1,086.8 million was subject to rate risk.
+Added: If market rates were to increase or decrease 100 basis points from the levels at September 30, 2025, interest expense would have increased or decreased approximately $10.9 million annually.
We do not engage in trading market risk sensitive instruments.
2 unchanged sentences
These agreements involve the receipt or payment of floating rate amounts in exchange for fixed rate interest payments over the life of the agreements without an exchange of the underlying principal amounts.
−Removed: As of June 30, 2025, we have the following interest rate swaps outstanding (in thousands):
−Removed: June 30, 2025
+Added: As of September 30, 2025, we have the following interest rate swaps outstanding (in thousands, except percentages):
+Added: September 30, 2025
Amount Fixed Rate Expiration
7 unchanged sentences
Interest rate swap $ 50,000 3.503 % 4/14/2030
+Added: Interest rate swap $ 50,000 3.658 % 7/14/2030
+Added: Interest rate swap $ 50,000 3.680 % 7/15/2030
Management will continue to evaluate the potential use of interest rate swaps as we deem appropriate under certain operating and market conditions.
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.