12 unchanged sentences
Risk Factors - " Our substantial and expanding international operations are subject to uncertainties which could affect our operating results.
−Removed: ” and See Note 1.
+Added: " and Note 1.
Accounting Policies of the Consolidated Financial Statements for additional information.
1 unchanged sentence
We may decrease this interest rate risk by hedging a portion of variable rate debt effectively converting it to fixed rate debt for varying periods.
−Removed: On April 6, 2020, we entered into six interest rate swap contracts to hedge variable cash flows associated with LIBOR.
−Removed: The interest rate swap contracts became effective on April 6, 2020 and have maturities of seven years or less with a total notional amount of $1.5 billion.
+Added: On April 6, 2020, we entered into six interest rate swap contracts to hedge our exposure to changes in cash flows associated with our variable rate debt.
+Added: The interest rate swap contracts became effective on April 6, 2020 and had maturities of seven years or less with a total notional amount of $1.5 billion.
The outstanding contracts as of October 31, 2021 have a total notional amount of $1.0 billion.
1 unchanged sentence
We did not have any cross-currency swaps or foreign currency forward contracts as of October 31, 2021.
−Removed: On October 16, 2020, we entered into a 364-day, $350.0 million, term loan agreement by and among us, the lenders party thereto and The Bank of Nova Scotia, as administrative agent which matures on October 15, 2021.
−Removed: We used the funds to partially repay outstanding borrowings under the 2020 Revolving Credit Facility (as defined below).
−Removed: At October 31, 2020, we had $350.0 million outstanding under this agreement.
−Removed: The interest rate was 0.93% at October 31, 2020.
+Added: On November 2, 2021, subsequent to the fiscal year ended October 31, 2021, the Company entered into a 364-day, $840.0 million, term loan agreement by and among the Company, the lenders party thereto and The Bank of Nova Scotia, as administrative agent which matures on November 1, 2022.
+Added: The Company used part of the funds to partially repay outstanding borrowings under the 2020 Revolving Credit Facility and for general corporate purposes.
+Added: Subsequent Events of the Consolidated Financial Statements for additional information.
+Added: On October 16, 2020, we entered into a 364-day, $350.0 million, term loan agreement by and among us, the lenders party thereto and The Bank of Nova Scotia, as administrative agent, which matured on October 15, 2021.
+Added: At maturity, outstanding amounts under this agreement were fully repaid using borrowings under the 2020 Revolving Credit Facility.
On April 1, 2020, we entered into a Revolving Credit and Term Loan Agreement (the 2020 Credit Agreement), among us, CooperVision International Holding Company, LP, CooperSurgical Netherlands B.V., CooperVision Holding Kft.
the lenders from time to time party thereto, and KeyBank National Association, as administrative agent.
−Removed: The 2020 Credit Agreement provides for (a) a multicurrency revolving credit facility (the 2020 Revolving Credit Facility) in an aggregate principal amount of $1.29 billion and (b) a term loan facility (the 2020 Term Loan Facility) in an aggregate principal amount of $850.0 million, each of which, unless terminated earlier, mature on April 1, 2025.
−Removed: The 2020 Credit Agreement replaced our previous credit agreement and funds from the new term loan were used to repay the outstanding amounts under the previous credit agreement, to repay an outstanding term loan, and for general corporate purposes.
−Removed: At October 31, 2020, we had $754.6 million available under the 2020
+Added: The 2020 Credit Agreement provides for (a) a multicurrency
THE COOPER COMPANIES, INC.
AND SUBSIDIARIES
−Removed: Revolving Credit Facility and $850.0 million outstanding under the 2020 Term Loan Facility.
+Added: revolving credit facility (the 2020 Revolving Credit Facility) in an aggregate principal amount of $1.29 billion and (b) a term loan facility (the 2020 Term Loan Facility) in an aggregate principal amount of $850.0 million, each of which, unless terminated earlier, mature on April 1, 2025.
+Added: The 2020 Credit Agreement replaced our previous credit agreement and funds from the new term loan were used to repay the outstanding amounts under the previous credit agreement, to repay an outstanding term loan, and for general corporate purposes.
+Added: At October 31, 2021, we had $742.6 million available under the 2020 Revolving Credit Facility and $850.0 million outstanding under the 2020 Term Loan Facility.
The interest rate on the 2020 Term Loan Facility was 0.96% at October 31, 2021.
−Removed: On September 27, 2019, we extended the maturity of the 2018 Term Loan Agreement to September 25, 2020 and increased the amount to $500.0 million (as so amended, the 2019 Term Loan Agreement).
−Removed: At maturity, on September 25, 2020, outstanding amounts under the 2019 Term Loan Agreement were fully repaid using borrowings under the 2020 Revolving Credit Facility.
−Removed: The interest rate on the 2020 Revolving Credit Facility was 1.15% at October 31, 2020.
Debt of the Consolidated Financial Statements for additional information.
3 unchanged sentences
unamortized debt issuance cost (0.3) (0.4)
+Added: Total $ 1,479.0 $ 1,793.2
Our ultimate realized gain or loss with respect to interest rate fluctuations will depend on interest rates, the exposures that arise during the period and our hedging strategies at that time.
1 unchanged sentence
For further information about our debt, see Item 1A.
−Removed: Risk Factors - “We are vulnerable to interest rate risk with respect to our debt.” and Note 1.
+Added: Risk Factors - " We are vulnerable to interest rate risk with respect to our debt.
+Added: " and Note 1.
Accounting Policies and Note 5.
3 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.