Quantitative and Qualitative Disclosures About Market Risk
−Removed: Our services and products are sold, distributed or available in over 120 countries.
+Added: Our services and products are sold, distributed or available in numerous countries globally.
Our international sales are denominated primarily in Canadian dollars, Brazilian reais and euros.
5 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 2019 Facility Agreement, and with that consent the counterparties may only be the lenders to the 2019 Facility Agreement.
−Removed: We may be exposed to the risk of rising interest rates if our future borrowings bear interest at a floating rate.
We also have operations in Argentina, which is considered to have a highly inflationary economy.
−Removed: We continue to monitor the significant uncertainty surrounding current Argentinian exchange mechanisms.
Operations in this country are not considered significant to our consolidated operations.
1 unchanged sentence
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.