14 unchanged sentences
If interest rates had been 100 basis points lower, the aggregate fair market value of our fixed rate debt would have been $174.0 million higher.
−Removed: At December 31, 2020, we had $150.0 million of variable rate debt outstanding, a $321.0 million decrease as compared to December 31, 2019, not protected by interest rate hedge contracts.
+Added: At December 31, 2021, we had $220.0 million of variable rate debt outstanding not protected by interest rate hedge contracts, a $70.0 million increase as compared to December 31, 2020.
If the weighted average interest rate on this variable rate debt had been 100 basis points higher or lower, the annual interest expense at December 31, 2021 would increase or decrease by $2.2 million.
3 unchanged sentences
These swaps effectively fix the underlying one-month LIBOR rate at a weighted average rate of 1.693%.
−Removed: If the underlying LIBOR interest rates increase or decrease by 100 basis points, the aggregate fair market value of the swaps at December 31, 2020 would increase or decrease by $0.5 million.
+Added: If the underlying LIBOR interest rates increase or decrease by 100 basis points, the aggregate fair market value of the swaps at December 31, 2021 would increase or decrease by less than $0.1 million.
+Added: As of January 28, 2022, these interest rate swaps have expired.
We are exposed to certain losses in the event of nonperformance by the counterparties, which are major financial institutions, under the swaps.
7 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.