4 unchanged sentences
Our exposure to foreign currency fluctuations is not significant to our financial condition or results of operations.
−Removed: GLPI’s primary market risk exposure is interest rate risk with respect to its indebtedness of $6,290.5 million at June 30, 2023.
−Removed: Furthermore, $5,675.0 million of our obligations at June 30, 2023 are the senior unsecured notes that have fixed interest rates with maturity dates ranging from approximately one year to eight and a half years.
+Added: GLPI’s primary market risk exposure is interest rate risk with respect to its indebtedness of $6,285.5 million at September 30, 2023.
+Added: Furthermore, $5,675.0 million of our obligations at September 30, 2023 are the senior unsecured notes that have fixed interest rates with maturity dates ranging from approximately one year to eight and a half years.
An increase in interest rates could make the financing of any acquisition by GLPI more costly, as well as increase the costs of its variable rate debt obligations.
2 unchanged sentences
However, the provisions of the Code applicable to REITs limit GLPI’s ability to hedge its assets and liabilities.
−Removed: The table below provides information at June 30, 2023 about our financial instruments that are sensitive to changes in interest rates.
+Added: The table below provides information at September 30, 2023 about our financial instruments that are sensitive to changes in interest rates.
For debt obligations, the table presents notional amounts maturing in each fiscal year and the related weighted-average interest rates by maturity dates.
−Removed: Notional amounts are used to calculate the contractual payments to be exchanged by maturity date and the weighted-average interest rates are based on implied forward SOFR rates at June 30, 2023.
+Added: Notional amounts are used to calculate the contractual payments to be exchanged by maturity date and the weighted-average interest rates are based on implied forward SOFR rates at September 30, 2023.
10/01/23- 12/31/23 1/01/24- 12/31/24 1/01/25- 12/31/25 1/01/26- 12/31/26 1/01/27- 12/31/27 Thereafter Total Fair Value at 9/30/2023
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.