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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2023-05-05 compared with 2022-11-03 · 0 added, 4 removed, 13 unchanged (24% of the section changed)
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 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.
−Removed: 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 Facility Agreement, and with that consent the counterparties may only be the lenders to the 2019 Facility Agreement.
−Removed: We expect to refinance our vendor financing in the future and may be exposed to the risk of rising interest rates if this or other future borrowings bear interest at a floating rate.
We also have operations in Argentina, which is considered to have a highly inflationary economy.
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.