7 unchanged sentences
Consequently, foreign currency exchange contracts would not subject us to material risk due to exchange rate movements, because gains and losses on these contracts offset gains and losses on the assets, liabilities or transactions being hedged.
−Removed: Dollar amounts are in millions except per share amounts or as otherwise specified.
Interest Rate Risk
1 unchanged sentence
The interest rate is set at 300 basis points over SOFR, with a 0.50% SOFR floor.
−Removed: Based on our outstanding borrowings at June 30, 2024, a 100 basis points change in interest rates would have impacted interest expense on the Term Loan by $9.3 million on an annualized basis.
+Added: Based on our outstanding borrowings at December 31, 2024, a 100 basis points change in interest rates would have impacted interest expense on the Term Loan by $8.7 million on an annualized basis.
To the extent we borrow on our Revolving Credit Facility, we will be subject to risks related to changes in SOFR.
+Added: Dollar amounts are in millions except per share amounts or as otherwise specified.
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.