1 unchanged sentence
Interest rate risk
−Removed: As of December 31, 2019 , our total debt outstanding, excluding unamortized debt issuance costs, was $1.1 billion .
−Removed: Of this amount, $437.0 million , net of debt discounts, or 39% of our total debt obligations, relates to contingent convertible notes having a fixed coupon rate.
−Removed: Our $525.0 million outstanding principal amount of contingent convertible notes accrue cash interest at a rate of 0.75% of the principal amount per annum.
+Added: As of December 31 , 2020 , our total debt outstanding, excluding unamortized debt issuance costs, was $1,456.3 million .
+Added: Of this amount, $452.2 million , net of debt discounts, or 31 % of our total debt obligations, relates to our contingent Convertible Notes that have a fixed coupon rate.
+Added: Our $525.0 million outstanding principal amount of Convertible Notes accrue cash interest at a rate of 0.75% of the principal amount per annum.
Based on quoted market prices, as of December 31, 2020 , the fair value of our fixed rate Convertible Notes was $667.4 million , compared to a carrying value of $452.2 million .
−Removed: Interest expense for these notes, including accretion and amortization of deferred debt issuance costs, has a weighted average interest rate of 4.4% annually.
−Removed: Further, as of December 31, 2019 we had no borrowings under our Credit Facility.
+Added: Interest expense for the Convertible Notes, including accretion and amortization of deferred debt issuance costs, has a weighted average interest rate of 4.4% annually.
+Added: Further, as of December 31, 2020, we had $270.4 million outstanding under our Credit Facility, or 19% of our total debt obligations.
Additionally, $732.8 million , or 50 % of our total debt obligations, relates to Senior Notes having a fixed coupon rate.
3 unchanged sentences
These arrangements generally are due within one year and accrue interest at variable rates.
−Removed: Additionally, as of December 31, 2019 , we had approximately $14.0 million of finance leases with fixed payment and interest terms that expire between the years of 2020 and 2024 and bear interest at rates between 0.8% and 16.8% .
+Added: Additionally, as of December 31, 2020, we had approximately $ 12.6 million of finance leases with fixed payment and interest terms that expire between the years of 2021 and 2025 .
Our excess cash is invested in instruments with original maturities of three months or less or in certificates of deposit that may be withdrawn at any time without penalty;
36 unchanged sentences
dollars, euros, British pounds, Australian dollars and New Zealand dollars, that were not designated as hedges and for which the majority mature within the next twelve months.
−Removed: We use longer-term foreign currency forward contracts to mitigate risks associated with changes in foreign currency exchange
−Removed: rates on certain foreign currency denominated other asset and liability positions.
−Removed: As of December 31, 2019 , the Company had
−Removed: foreign currency forward contracts outstanding with a notional value of $43 million , primarily in euros.
+Added: We use longer-term foreign currency forward contracts to mitigate risks associated with changes in foreign currency exchange rates on certain foreign currency denominated other asset and liability positions.
+Added: As of December 31, 2020, the Company had foreign currency forward contracts outstanding with a notional value of $ 454 million, primarily in euros.
See Note 12 , Derivative Instruments and Hedging Activities to our Consolidated Financial Statements for additional information.
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.