4 unchanged sentences
Interest Rate Risks
−Removed: Our primary exposure to market risk is interest rate risk associated with our credit facility since the interest is indexed to LIBOR.
−Removed: We entered into our current credit facility on May 3, 2019, and simultaneously terminated our previous credit facility.
−Removed: The applicable interest rate for the outstanding borrowings under our credit facility as of December 31, 2021 and 2020 was 2.3750% and 2.0625 %, respectively.
+Added: Our primary exposure to market risk is interest rate risk associated with our credit facility since the interest is indexed to market rates.
+Added: We entered into our current credit facility on April 18, 2022, and simultaneously terminated our previous credit facility.
+Added: The applicable interest rate for the outstanding borrowings under our credit facility as of December 31, 2022 and 2021 was approximately 6.3% and 2.4 %, respectively.
Amounts outstanding as of December 31, 2022 and 2021 were $138,360,000 and $140,375,000, respectively.
5 unchanged sentences
dollar will affect our sales and profitability and could result in exchange losses.
−Removed: For the year ending December 31, 2021, approximately 41% of our pro forma sales were denominated in foreign currencies (compared to 36% in the prior year), the most significant of which were the Australian Dollar, Euro, Canadian Dollar, Norwegian Kroner, and Swiss Franc.
+Added: For the year ending December 31, 2022, approximately 37% of our sales were denominated in foreign currencies (compared to 41% of our pro forma sales in the prior year), the most significant of which were the Australian Dollar, Euro, Canadian Dollar, Norwegian Kroner, and Swiss Franc.
The primary purpose of our foreign currency hedging activities is to mitigate the foreign currency exchange rate exposure on the cash flows related to forecasted inventory purchases and sales.
8 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.