12 unchanged sentences
and international economic factors and other factors beyond our control.
−Removed: Our Concierge Facility bears interest equal to Term SOFR plus a credit adjustment spread of 0.11448%, plus a margin of 2.35%.
+Added: Our Concierge Facility bears interest equal to the term SOFR rate plus a margin of 2.75%.
As of December 31, 2023, we had a total outstanding balance of $24.8 million under the Concierge Facility.
−Removed: Our Revolving Credit Facility bears interest equal to a base rate plus a margin of 1.50%.
−Removed: As of December 31, 2022, we had a total outstanding balance of $150.0 million under the Revolving Credit Facility.
+Added: Our Revolving Credit Facility bears interest equal to SOFR plus a margin of 1.50%.
+Added: As of December 31, 2023, we had no borrowings outstanding under the Revolving Credit Facility.
Based on the amounts outstanding, a 100-basis point increase or decrease in market interest rates over a twelve-month period would not result in a material change to our interest expense.
2 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.