7 unchanged sentences
Dollar relative to all other major cu rrencies.
−Removed: As of December 30, 2023, in the event of a 10% strengthening of the U.S.
+Added: As of June 29, 2024, in the event of a 10% strengthening of the U.S.
Dollar, the change in fair value of all forward contracts would result in a $3.2 million increase in the fair value of the forward contracts, whereas a 10% weakening of the U.S.
2 unchanged sentences
Our exposure to changes in interest rates is associated with borrowings under our credit facilities, all of which is variable rate debt.
−Removed: Total outstanding debt under our term loan as of December 30, 2023 was $266.0 million with an effective interest rate of 6.8% based on prevailing Term SOFR rates.
+Added: Total outstanding debt under our senior unsecured term loan as of June 29, 2024 was $248.4 million with an effective interest rate of 6.8% based on prevailing Term SOFR rates.
An increase of 100 basis points in Term SOFR rates would result in additional annual interest expense of $0.4 million .
−Removed: In addition, as of December 30, 2023, there was $110.0 million outstanding on our revolving credit facility with an effective interest rate of 6.7%, also based on prevailing Term SOFR Rates.
−Removed: As of December 30, 2023 , the notional amount on our two active in terest rate swap agreements to effectively convert borrowings under our Credit Facilities from a variable rate to a fixed rate were $214.2 million.
+Added: As of June 29, 2024 , the notional amount on our two active in terest rate swap agreements to effectively convert borrowings under our 2022 Revised Credit Facilities from a variable rate to a fixed rate were $208.6 million.
These interest rate swaps are intended to mitigate the exposure to fluctuations in interest rates and qualify for hedge accounting treatment as cash flow hedges.
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.