2 unchanged sentences
We are exposed to changes in interest rates primarily from our floating rate borrowing arrangements.
−Removed: 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.
−Removed: 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.
−Removed: There was $55.6 million outstanding on the BofA Term Loan as of March 31, 2025.
−Removed: We do not believe that the interest rate risk on the BofA Term Loan is material as of March 31, 2025.
−Removed: 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.
−Removed: 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.
−Removed: We do not believe that the interest rate risk on the BMO Term Loan is material as of March 31, 2025.
−Removed: 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.
+Added: As of June 30, 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 90 basis points, over the current variable rate, the increase in interest expense would decrease future earnings and cash flows by approximately $0.5 million.
+Added: The interest rate on the BofA Term Loan as of June 30, 2025, was SOFR plus an adjustment of 0.11448% plus 400 basis points, or 9.00% per annum.
+Added: There was $55.5 million outstanding on the BofA Term Loan as of June 30, 2025.
+Added: We do not believe that the interest rate risk on the BofA Term Loan is material as of June 30, 2025.
+Added: As of June 30, 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 90 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 June 30, 2025 was SOFR plus an adjustment of 0.11448% plus 400 basis points, or 9.00% per annum.
+Added: We do not believe that the interest rate risk on the BMO Term Loan is material as of June 30, 2025.
+Added: The following table presents, as of June 30, 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.