5 unchanged sentences
Increases in interest rates would increase our interest costs on variable rate debt and could adversely impact our ability to refinance existing debt or sell assets .
−Removed: As of June 30, 2022, we had borrowings of $55 million drawn and outstanding under the BofA Revolver.
+Added: As of September 30, 2022, we had borrowings of $65 million drawn and outstanding under the BofA Revolver.
Borrowings under the BofA Revolver, which may not exceed $237.5 million outstanding at any time, bear interest at variable rates based on our leverage ratio, from which we may incur additional indebtedness in the future.
−Removed: As of June 30, 2022, $110 million was drawn and outstanding under the BofA Term Loan.
−Removed: The BofA Term Loan includes an accordion feature that allows for an aggregate amount of up to $500 million of additional borrowing capacity.
−Removed: On July 22, 2016, we fixed the base LIBOR rate on the BofA Term Loan at 1.12% until September 27, 2021 by entering into an interest rate swap agreement.
−Removed: Subsequent to expiration of the interest rate swap agreement, interest on the BofA Term Loan has been at variable rates based on our credit rating.
−Removed: As of June 30, 2022, $165 million was drawn and outstanding under the BMO Term Loan, although such amount may be increased by up to an additional $100 million through the exercise of an accordion feature.
+Added: As of September 30, 2022, $165 million was drawn and outstanding under the BMO Term Loan, although such amount may be increased by up to an additional $100 million through the exercise of an accordion feature.
The BMO Term Loan consists of a $55 million tranche A term loan, which was fully repaid on June 4, 2021, and a $165 million tranche B term loan that remains outstanding.
1 unchanged sentence
On February 20, 2019, we fixed the base LIBOR rate on the BMO Term Loan at 2.39% per annum for the period beginning August 26, 2020 and ending on January 31, 2024, by entering into interest rate swap agreements.
−Removed: During 2022, the Federal Reserve raised the federal funds rate target several times, most recently by 75 basis points in July 2022 to a range of 2.25% to 2.50% and indicated that ongoing increases in the target range will be appropriate .
+Added: During 2022, the Federal Reserve raised the federal funds rate target several times, most recently by 75 basis points in September 2022 to a range of 3.00% to 3.25% and indicated that ongoing increases in the target range will be appropriate.
We expect that there will be additional increases in the Federal Reserve benchmark rate.
12 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.