3 unchanged sentences
A change in the Federal Funds Rate, or the reference rate set by Bank of America, N.A., would affect the rate at which we could borrow funds under the 2022 credit facility.
−Removed: The balance outstanding under our 2022 credit facility at March 31, 2024 was $437.8 million, of which $287.8 million is subject to rate risk.
−Removed: If market rates were to increase or decrease 100 basis points from the levels at March 31, 2024, interest expense would increase or decrease approximately $2.9 million annually.
+Added: The balance outstanding under our 2022 credit facility at June 30, 2024 was $381.0 million, of which $231.0 million is subject to rate risk.
+Added: If market rates were to increase or decrease 100 basis points from the levels at June 30, 2024, interest expense would increase or decrease approximately $2.3 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 March 31, 2024, we have the following interest rate swaps outstanding (in thousands):
−Removed: March 31, 2024
+Added: As of June 30, 2024, we have the following interest rate swaps outstanding (in thousands):
+Added: June 30, 2024
Amount Fixed Rate Expiration
12 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.