1 unchanged sentence
Over time, we generally seek to match the expected cash inflows from our long-term leases and loans receivable with the expected cash outflows for our long-term debt.
−Removed: To achieve this objective, we borrow on a fixed-rate basis through the issuance of senior unsecured notes or incur debt that bears interest at floating rates under the Revolving Credit Facility, which we use in connection with our operations, including for funding investments, the 2027 Term Loan, the 2028 Term Loan and the 2029 Term Loan.
+Added: To seek to achieve this objective, we issue senior unsecured notes and borrow under our Revolving Credit Facility and through term loans.
Principal Outstanding Weighted Average Interest Rate (1)
1 unchanged sentence
Unsecured term loans:
−Removed: 2024 Term Loan April 2024 $ — $ 200,000 —% 2.9%
2027 Term Loan February 2027 $ 430,000 $ 430,000 2.5% 2.4%
2 unchanged sentences
450,000 450,000 5.4% 4.3%
+Added: 2030 Term Loan January 2030 (2)
+Added: 450,000 — 4.9% —%
Senior unsecured notes July 2031 400,000 400,000 3.1% 3.1%
4 unchanged sentences
(2) After giving effect to extension options exercisable at the Operating Partnership's election.
−Removed: While our borrowings under the 2027 Term Loan, 2028 Term Loan and 2029 Term Loan are variable-rate, we have effectively fixed the interest rate under these term loans by entering into interest rate swap agreements where we pay a fixed interest rate and receive a floating interest rate equal to the rate we pay on the respective loan.
+Added: While our borrowings under the 2027 Term Loan and the CF Term Loans are variable-rate, we have effectively fixed the interest rate under these term loans by entering into interest rate swap agreements where we pay a fixed interest rate and receive a floating interest rate equal to the rate we pay on the respective loan.
At December 31, 2024, our aggregate asset in the event of the early termination of our swaps was $20.1 million.
−Removed: Our borrowings under the Revolving Credit Facility, if any, bear interest at a variable rate equal to 1-month SOFR plus a leverage-based credit spread.
+Added: Borrowings outstanding under the Revolving Credit Facility from time to time bear interest at a variable rate equal to 1-month SOFR plus a leverage-based credit spread.
Therefore, an increase or decrease in interest rates would result in an increase or decrease to our interest expense related to the Revolving Credit Facility.
17 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.