3 unchanged sentences
Of this amount, $ 525 million, or 28 % of our total debt obligations, relates to our contingent Convertible Notes that have a fixed coupon rate.
−Removed: 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.
+Added: Our $ 525.0 million outstanding principal amount of Convertible Notes accrues cash interest at a rate of 0.75 % of the principal amount per annum.
Based on quoted market prices, as of December 31, 2023 , the fair value of our fixed rate Convertible Notes was $ 530.3 million , compared to a carrying value of $ 525.0 million .
Further, as of December 31, 2023 , we had $ 536.9 million outstanding under our Credit Facility, or 29 % of our total debt obligations.
−Removed: The carrying values of the Credit Facility approximates fair value because interest as of December 31, 2022, was based on Secured Overnight Financing Rate (SOFR) that reset at various intervals of less than one year.
+Added: If we were to maintain these borrowings for one year and maximize the potential borrowings available under the revolving credit facility for one year, a 1% (100 basis points) increase in the applicable interest rate would result in additional interest expense to the Company of approximately $12.5 million.
+Added: The carrying value of the Credit Facility approximates fair value because interest as of December 31, 2023, was based on Secured Overnight Financing Rate (SOFR) that reset at various intervals of less than one year.
Additionally, $ 662.2 million , or 35 % of our total debt obligations, relates to Senior Notes having a fixed coupon rate.
−Removed: Our €600 million outstanding principal amount of Senior Notes accrue cash interest at a rate of 1.375% of the principal per annum.
+Added: Our € 600 million outstanding principal amount of Senior Notes accrues cash interest at a rate of 1.375 % of the principal per annum.
Based on quoted market prices, as of December 31, 2023 , the fair value of our fixed rate Senior Notes was $ 621.6 million , compared to a carrying value of $ 662.2 million .
+Added: Also, $ 150 million, or 8% of our total debt obligations, relates to an Uncommitted Loan Agreement , fully drawn and outstanding at December 31, 2023, for the sole purpose of providing vault cash for ATMs, that expires no later than June 21, 2024.
+Added: The loan is a Prime rate loan, Bloomberg Short-term Bank Yield ("BSBY") rate loan plus 0.95 % or bears interest at the rate agreed to by the Bank and the Company at the time such loan is made.
The remaining $ 0.3 million , or less than 0 % of our total debt obligations, is related to borrowings by certain subsidiaries to fund, from time to time, working capital requirements.
43 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.