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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-09-28 compared with 2022-09-27 · 1 added, 1 removed, 31 unchanged (6% of the section changed)
10 unchanged sentences
Interest Expense Risk
−Removed: Our total borrowings under the Revolving Loan Facility under the Credit Agreement were zero as of July 31, 2022.
+Added: Our total borrowings under the Revolving Loan Facility under the Credit Agreement were $11.0 million as of July 31, 2023.
The Revolving Loan Facility under the Credit Agreement bears interest, at our election, at either (a) the Base Rate, which is defined as a fluctuating rate per annum equal to the greatest of (i) the Federal Funds Rate, which is defined as a fluctuating rate per annum to the greatest of (A) the Federal Funds Rate in effect on such date plus 0.50% or (B) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate;” and (ii) SOFR for a one-month interest period for such date plus 1.0%, plus an applicable margin ranging from 0.00% to 0.75% based on our consolidated total net leverage ratio during the preceding fiscal quarter;
19 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.