2 unchanged sentences
We are exposed to changes in interest rates primarily from our floating rate borrowing arrangements.
−Removed: As of September 30, 2024 and December 31, 2023, if market rates on our outstanding borrowings under the BofA Term Loan and the BofA Revolver, respectively, subject to a floating rate increased by 10% at maturity, or approximately 80 and 85 basis points, respectively, over the current variable rate, the increase in interest expense would decrease future earnings and cash flows by approximately $0.5 million and $0.7 million, respectively.
−Removed: The interest rate on the BofA Term Loan as of September 30, 2024 and the BofA Revolver as of December 31, 2023, was SOFR plus an adjustment of 0.11448% plus 300 basis points, or 8.00% and 8.47% per annum, respectively.
−Removed: There was $61.7 million outstanding on the BofA Term Loan and $90 million drawn on the BofA Revolver as of September 30, 2024 and December 31, 2023, respectively.
−Removed: We do not believe that the interest rate risk on the BofA Term Loan is material as of September 30, 2024.
−Removed: As of September 30, 2024, if market rates on our outstanding borrowings under the BMO Term Loan subject to a floating rate increased by 10% at maturity, or approximately 80 basis points over the current variable rate, the increase in interest expense would decrease future earnings and cash flows by approximately $0.6 million.
−Removed: The interest rate on the BMO Term Loan as of September 30, 2024 was SOFR plus an adjustment of 0.11448% plus 300 basis points, or 8.00% per annum.
−Removed: We do not believe that the interest rate risk on the BMO Term Loan is material as of September 30, 2024.
−Removed: The following table presents, as of September 30, 2024, our contractual variable rate borrowings under our BofA Term Loan, which matures on April 1, 2026, and under our BMO Term Loan Tranche B, which matures on April 1, 2026.
+Added: As of March 31, 2025, if market rates on our outstanding borrowings under the BofA Term Loan, subject to a floating rate increased by 10% at maturity, or approximately 80 basis points, over the current variable rate, the increase in interest expense would decrease future earnings and cash flows by approximately $0.4 million.
+Added: The interest rate on the BofA Term Loan as of March 31, 2025, was SOFR plus an adjustment of 0.11448% plus 300 basis points, or 8.00% per annum.
+Added: There was $55.6 million outstanding on the BofA Term Loan as of March 31, 2025.
+Added: We do not believe that the interest rate risk on the BofA Term Loan is material as of March 31, 2025.
+Added: As of March 31, 2025, if market rates on our outstanding borrowings under the BMO Term Loan subject to a floating rate increased by 10% at maturity, or approximately 80 basis points over the current variable rate, the increase in interest expense would decrease future earnings and cash flows by approximately $0.6 million.
+Added: The interest rate on the BMO Term Loan as of March 31, 2025 was SOFR plus an adjustment of 0.11448% plus 300 basis points, or 8.00% per annum.
+Added: We do not believe that the interest rate risk on the BMO Term Loan is material as of March 31, 2025.
+Added: The following table presents, as of March 31, 2025, our contractual variable rate borrowings under our BofA Term Loan, which matures on April 1, 2026, and under our BMO Term Loan Tranche B, which matures on April 1, 2026.
Payment due by period
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.