FRPH · All filings · Read this filing
What changed 10-K
Item 7. Management’s Discussion and Analysis
2024-03-26 compared with 2023-03-23 · 1 added, 3 removed, 20 unchanged (17% of the section changed)
9 unchanged sentences
Under the Wells Fargo Credit Agreement, the applicable
−Removed: margin for borrowings at December 31, 2022 was Daily 1-Month LIBOR plus 1.0%.
−Removed: The applicable margin for such borrowings will be increased
−Removed: in the event that our debt to capitalization ratio as calculated under the Wells Fargo Credit Agreement Facility exceeds a target level.
+Added: margin for borrowings at December 31, 2023 was Daily Simple SOFR plus 2.25%.
The Company did not have any variable rate debt outstanding
9 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.