3 unchanged sentences
Interest Rates
−Removed: As of June 30, 2025, we had $177.8 million of variable rate bank debt outstanding under our 2023 Credit Facility.
+Added: As of September 30, 2025, we had $172.8 million of variable rate bank debt outstanding under our Credit Facility.
Our borrowings bear interest on the outstanding principal amount thereof from the date when made at a rate per annum equal to either:
−Removed: (i) the Term SOFR (as defined in the 2023 Credit Agreement) plus a margin between 2.50% and 3.00%, depending on the Total Net Leverage Ratio (as defined in the Amended 2023 Credit Agreement) or (ii) the Base Rate (as defined in the Amended 2023 Credit Agreement) plus a margin between 1.50% and 2.00%, depending on the Total Net Leverage Ratio.
+Added: (i) the Term SOFR (as defined in the Amended 2023 Credit Agreement) plus a margin between 2.50% and 3.00%, depending on the Total Net Leverage Ratio (as defined in the Amended 2023 Credit Agreement) or (ii) the Base Rate (as defined in the Amended 2023 Credit Agreement) plus a margin between 1.50% and 2.00%, depending on the Total Net Leverage Ratio.
In addition, the unused portion of the Revolving Credit Facility is subject to a rate per annum between 0.30% and 0.40%, depending on the Total Net Leverage Ratio.
Because our debt is subject to interest at a variable rate, our earnings will be affected in future periods by changes in interest rates.
−Removed: If the SOFR were to increase or decrease by a hypothetical 100 basis points, or one percentage point, from its June 30, 2025 level, our annual interest expense would increase or decrease, respectively, and cash flow from operations would decrease or increase, respectively, by $1.8 million based on the outstanding balance of our term loan as of June 30, 2025.
+Added: If the SOFR were to increase or decrease by a hypothetical 100 basis points, or one percentage point, from its September 30, 2025 level, our annual interest expense would increase or decrease, respectively, and cash flow from operations would decrease or increase, respectively, by $1.7 million based on the outstanding balance of our term loan as of September 30, 2025.
Foreign Currency
4 unchanged sentences
dollar, primarily the Euro.
−Removed: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at June 30, 2025 would not be material to our consolidated results of operations or overall financial condition.
+Added: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at September 30, 2025 would not be material to our consolidated results of operations or overall financial condition.
Our operating expenses are primarily denominated in U.S.
5 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.