1 unchanged sentence
Interest Rate Risk
−Removed: We are subject to interest rate risk on our senior debt and revolving credit facility.
+Added: We are subject to interest rate risk on our senior debt, revolving credit facility and our other note payable.
We monitor our exposure to changes in interest rates and utilize both fixed and variable rate debt.
2 unchanged sentences
Except in very limited circumstances, we do not have an obligation to prepay fixed-rate debt prior to maturity and, as a result, interest rate risk and changes in fair value would not have a significant impact on our cash flows related to our fixed-rate debt until such time as we are required to refinance, repurchase or repay such debt.
−Removed: Our fixed rate debt consists of $350 million principal amount of 8.0% senior notes due April 2024 and $300 million principal amount of 5.0% senior notes due March 2028.
+Added: Our fixed rate debt consists of $350 million principal amount of 8.0% senior notes due April 2024, $300 million principal amount of 5.0% senior notes due March 2028 and $12.5 million principal amount of 4.0% other note payable due in October 2023.
Our variable rate debt consists of a $380 million senior unsecured revolving credit facility.
−Removed: At June 30, 2020, we had no borrowings outstanding under the revolving credit facility.
+Added: At December 31, 2020, we had no borrowings outstanding under the revolving credit facility.
Foreign Currency Risk
3 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.