5 unchanged sentences
We manage our debt portfolio to achieve an overall desired proportion of fixed and floating rate debts and may employ interest rate swaps as a tool from time to time to achieve that position.
−Removed: As of June 30, 2021, our aggregate floating rate debt’s outstanding principal balance was $92.2 million, or 79.6% of total debt, consisting of long-term debt and revolving line of credit (See Notes 9, 10 and 14).
+Added: As of September 30, 2021, our aggregate floating rate debt’s outstanding principal balance was $71.8 million, or 61.2% of total debt, consisting of long-term debt and revolving line of credit (See Notes 9 and 10).
Floating rate debt bore interest rate based on the floating 1-month LIBOR plus the bank spreads.
−Removed: The remaining 20.4% of our debt are on fixed rate.
+Added: The remaining 38.8% of our debt are on a fixed rate.
A hypothetical 1% fluctuation in the applicable rate would cause the interest expense on our floating rate debt, to change by approximately $0.7 million per year.
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.