8 unchanged sentences
We currently do not purchase hedging instruments to hedge foreign currencies.
−Removed: We are obligated to enter into currency hedges with the lenders to the First Lien Facility Agreement no later than 90 days after any fiscal quarter during which more than 25% of revenues is denominated in a single currency other than U.S.
+Added: We are obligated to enter into currency hedges with the lenders to the 2019 Facility Agreement no later than 90 days after any fiscal quarter during which more than 25% of revenues is denominated in a single currency other than U.S.
or Canadian dollars.
−Removed: Otherwise, we cannot enter into hedging agreements other than interest rate cap agreements or other hedges described above without the consent of the agent for the First Lien Facility Agreement, and with that consent the counterparties may only be the lenders to the First Lien Facility Agreement.
+Added: Otherwise, we cannot enter into hedging agreements other than interest rate cap agreements or other hedges described above without the consent of the agent for the 2019 Facility Agreement, and with that consent the counterparties may only be the lenders to the 2019 Facility Agreement.
We also have operations in Argentina, which is considered to have a highly inflationary economy.
1 unchanged sentence
Operations in this country are not considered significant to our consolidated operations.
−Removed: Our interest rate risk arises from our variable rate debt under our First Lien Facility Agreement, under which loans bear interest at a floating rate based on the LIBOR.
−Removed: We have $187.0 million in principal outstanding under the First Lien Facility Agreement.
−Removed: A 1.0% change in interest rates would result in a change to interest expense of approximately $1.9 million annually.
Fair Value Measurements in our Consolidated Financial Statements for discussion of our financial assets and liabilities measured at fair market value and the market factors affecting changes in fair market value of each.
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.