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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-03-13 compared with 2022-03-11 · 1 added, 1 removed, 24 unchanged (8% of the section changed)
12 unchanged sentences
When the LIBOR rate is discontinued, the Pinnacle Agreement allows for the LIBOR rate to be replaced by a Benchmark Rate, which may be the Daily Simple SOFR (Secured Overnight Financing Rate).
−Removed: The Benchmark Rage will be determined in consultation with Pinnacle Bank.
+Added: The Benchmark Rate will be determined in consultation with Pinnacle Bank.
As of December 31, 2022, we had $16.2 million in borrowings outstanding under our revolving line of credit.
10 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.