8 unchanged sentences
Borrowings under the Credit Facility, which expires May 24, 2023, bear interest at variable rates based on Bank of America’s prime rate or LIBOR.
−Removed: At May 1, 2021, we had outstanding borrowings under our Revolving Facility of $33.6 million, of which $28.0 million were in LIBOR-based contracts with an interest rate of 4.00%.
−Removed: The remainder was prime-based borrowings, with a rate of 5.25%.
−Removed: At May 1, 2021, the interest rate for the $17.5 million outstanding under the FILO loan was 8.50%.
−Removed: Based upon a sensitivity analysis as of May 1, 2021, assuming average outstanding borrowing during the first three months of fiscal 2021 of $51.2 million under our Revolving Facility and $17.5 million outstanding under our FILO loan, a 50 basis point increase in interest rates would have resulted in a potential increase in interest expense of approximately $344,000 on an annualized basis.
+Added: At July 31, 2021, we had no outstanding borrowings under our Revolving Facility.
+Added: The prime-based rate was 5.25% during the first six months of fiscal 2021.
+Added: At July 31, 2021, the interest rate for the $17.5 million outstanding under the FILO loan was 8.50%.
+Added: Based upon a sensitivity analysis as of July 31, 2021, assuming average outstanding borrowing during the first six months of fiscal 2021 of $32.7 million under our Revolving Facility and $17.5 million outstanding under our FILO loan, a 50 basis point increase in interest rates would have resulted in a potential increase in interest expense of approximately $251,000 on an annualized basis.
Foreign Currency
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.