1 unchanged sentence
Interest Rate Risk — We are exposed to risks associated with market changes in interest rates through our borrowing arrangements and investments.
−Removed: In particular, our Revolving Credit Facility exposes us to variability in interest payments due to changes in SOFR interest rates.
+Added: In particular, our Credit Facility exposes us to variability in interest payments due to changes in SOFR interest rates.
We manage our exposure to this market risk by monitoring available financing alternatives.
−Removed: Our mortgages and promissory notes require principal and interest payments through maturity pursuant to amortization schedules.
+Added: Our mortgages and promissory note require principal and interest payments through maturity pursuant to amortization schedules.
Our mortgages generally contain provisions that allow us to make repayments earlier than the stated maturity date.
2 unchanged sentences
These prepayment rights may afford us opportunities to mitigate the risk of refinancing our debts at maturity at higher rates by refinancing prior to maturity.
−Removed: On April 8, 2022, we entered into the Amended Credit Agreement, with a revolving line of credit of up to $600.0 million in aggregate principal amount.
−Removed: The Amended Credit Agreement amended the reference for borrowings under the Revolving Credit Facility rate from LIBOR to SOFR.
−Removed: We have no outstanding borrowings under our Amended Credit Facility as of December 31, 2022 and January 30, 2023.
−Removed: We have outstanding indebtedness under mortgage loans insured with HUD and two promissory notes to third parties of $156.3 million, all of which are at fixed interest rates.
+Added: We have a Credit Facility with Truist of up to $600.0 million in aggregate principal amount.
+Added: We have no outstanding borrowings under our Credit Facility as of December 31, 2023 and through the filing date of this report.
+Added: In addition, we have outstanding indebtedness under mortgage loans insured with HUD and a promissory note payable to a third party of $152.4 million, all of which are at fixed interest rates.
Our cash and cash equivalents as of December 31, 2023 consisted of bank term deposits, money market funds and U.S.
10 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.