5 unchanged sentences
Interest accrues on the revolving loan at a variable rate determined by a pricing schedule or the base rate (which is the highest of (a) the administrative agent's prime rate, (b) the federal funds rate plus 0.50 percent, or (c) the sum of one-month LIBOR plus a specified margin).
−Removed: At December 31, 2020, there was no outstanding balance on the revolving loan.
+Added: At December 31, 2021, there was $525.0 million outstanding on the revolving loan.
We are a party to the Note Purchase Agreement, as amended, with various institutional investors with fixed rates consisting of:
6 unchanged sentences
The carrying value of the Senior Notes was $594.2 million at December 31, 2021.
+Added: We are a party to a Receivables Securitization Facility, with various lenders, that provides a total availability of up to $300 million and funded at $300 million as of December 31, 2021.
+Added: Interest accrues on the facility at variable rates based on Bloomberg Short Term Bank Yield Index (“BSBY”) plus a margin.
+Added: At December 31, 2021, there was $299.5 million outstanding, net of unamortized issuance costs, on the Receivables Securitization Facility.
+Added: On February 1, 2022, we amended the Receivables Securitization Facility primarily to increase the total availability from $300 million to $500 million pursuant to the provisions of the existing agreement.
+Added: T able of Contents
A hypothetical 100-basis-point change in the interest rate would not have a material effect on our earnings.
1 unchanged sentence
A rise in interest rates could negatively affect the fair value of our debt facilities.
−Removed: Foreign Exchange Risk
+Added: Foreign Exchange
We operate through a network of offices in North America, Europe, Asia, Oceania, and South America.
13 unchanged sentences
Dollar against the Chinese Yuan on December 31, 2021, would have increased our net income by approximately $13.2 million.
−Removed: Our use of derivative financial instruments to manage foreign exchange risk is insignificant.
−Removed: Table of Content
+Added: T able of Contents
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.