15 unchanged sentences
(1) Represents a $125.0 million term loan with a floating interest rate.
−Removed: A $100.0 million portion of the term loan was previously effectively fixed by an interest rate swap that expired on July 21, 2023.
−Removed: The full amount of the term loan is effectively fixed by two interest rate swaps that became effective on July 21, 2023 and expire on the loan’s maturity date of January 10, 2025.
+Added: The full amount of the term loan is effectively fixed by two interest rate swaps that became effective on July 21, 2023 and expire on the loan’s initial maturity date of January 10, 2025.
+Added: In the fourth quarter of 2024, we exercised one of two one-year extension options on the 2023 Term Loan to extend the maturity of the loan to January 10, 2026.
+Added: The full amount of the term loan is effectively fixed by two interest rate swaps that became effective on January 10, 2025 and expire on the loan maturity date of January 10, 2026.
We entered into the interest rate swap arrangements designated and qualifying as cash flow hedges to reduce our exposure to the variability in future cash flows attributable to changes in interest rates.
5 unchanged sentences
Fixed Rate Effective Date Expiration Date December 31, 2024 December 31, 2023
−Removed: $ 100,000 1.205% USD-SOFR 3/31/2017 7/21/2023 $ — $ 1,998
+Added: $75,000 3.677% USD-SOFR July 21, 2023 January 10, 2025 $ 14 $ 740
+Added: 50,000 3.676% USD-SOFR July 21, 2023 January 10, 2025 9 494
100,000 4.719% USD-SOFR
+Added: January 10, 2025 January 10, 2026 (624) —
50,000 4.720% USD-SOFR
+Added: January 10, 2025 January 10, 2026 (312) —
$ (913) $ 1,234
4 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.