1 unchanged sentence
Our market risk is the potential loss arising from adverse changes in interest rates.
−Removed: Accounts receivable factored under our customer-sponsored accounts receivable sales programs bear interest at rates tied to Term SOFR or alternative discount rates, resulting in us incurring costs as those accounts receivable are factored.
+Added: Accounts receivable factored under our customer-sponsored accounts receivable sales programs bear interest at
+Added: rates tied to Term SOFR or alternative discount rates, resulting in us incurring costs as those accounts receivable are factored.
Additionally, interest expense from our variable-rate debt is impacted by reference rates.
Under the terms of our customer-sponsored programs to sell accounts receivable, a change in the reference rate would affect the amount of financing costs we incur and the amount of cash we receive upon the sales of accounts receivable under these programs.
−Removed: A one-percentage-point increase in Term SOFR or the discount rates on the accounts receivable sales programs would have increased our factoring costs and reduced the amount of cash we would have received by approximately $2.8 million and $2.0 million for the three months ended June 28, 2025, and June 29, 2024, respectively, and $5.5 million and $4.3 million for the six months ended June 28, 2025, and June 29, 2024, respectively.
+Added: A one-percentage-point increase in Term SOFR or the discount rates on the accounts receivable sales programs would have increased our factoring costs and reduced the amount of cash we would have received by approximately $2.8 million and $2.0 million for the three months ended September 27, 2025, and September 28, 2024, respectively, and $8.3 million and $6.3 million for the nine months ended September 27, 2025, and September 28, 2024, respectively.
Under the terms of our credit agreement, a change in the reference rate or the lender’s base rate would affect the rate at which we could borrow funds thereunder.
−Removed: A one-percentage-point increase in the reference rate or base rate would have increased our interest expense on our variable rate debt under our credit agreement by approximately $1.1 million and $1.4 million for the three months ended June 28, 2025, and June 29, 2024, respectively, and $2.3 million and $2.8 million for the six months ended June 28, 2025, and June 29, 2024, respectively.
+Added: A one-percentage-point increase in the reference rate or base rate would have increased our interest expense on our variable rate debt under our credit agreement by approximately $1.1 million and $1.4 million for the three months ended September 27, 2025, and September 28, 2024, respectively, and $3.4 million and $4.2 million for the nine months ended September 27, 2025, and September 28, 2024, respectively.
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.