6 unchanged sentences
Interest rate risk is highly sensitive to many factors, including the U.S.
−Removed: government's monetary and tax policies, global economic factors and other factors beyond our control.
+Added: government's monetary and tax policies,
+Added: global economic factors and other factors beyond our control.
We are exposed to changes in the level of interest rates and to changes in the relationship or spread between interest rates.
2 unchanged sentences
We are monitoring related reform proposals and evaluating the related risks;
−Removed: however, it is not possible to predict the effects of any of these developments, and any future initiatives to regulate, reform or change the manner of
−Removed: administration of benchmark indices could result in adverse consequences to the rate of interest payable and receivable on, market value of and market liquidity for financial instruments tied to variable interest rate indices.
+Added: however, it is not possible to predict the effects of any of these developments, and any future initiatives to regulate, reform or change the manner of administration of benchmark indices could result in adverse consequences to the rate of interest payable and receivable on, market value of and market liquidity for financial instruments tied to variable interest rate indices.
Some of our borrowing agreements require payments based on a variable interest rate index, such as Secured Overnight Financing Rate.
6 unchanged sentences
It also does not include a variety of other potential factors that could affect our business as a result of changes in interest rates.
−Removed: As of June 30, 2025, assuming we do not hedge our exposure to interest rate fluctuations related to our outstanding floating rate debt, a hypothetical 100-basis point increase/decrease in our variable interest rate on our borrowings would result in an increase of approximately $4.1 million or a decrease of approximately $4.1 million in interest expense over the next 12 months.
+Added: As of September 30, 2025, assuming we do not hedge our exposure to interest rate fluctuations related to our outstanding floating rate debt, a hypothetical 100-basis point increase/decrease in our variable interest rate on our borrowings would result in an increase of approximately $15.4 million or a decrease of approximately $15.4 million in interest expense over the next 12 months.
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.