3 unchanged sentences
Interest Rate Risk
−Removed: Borrowings under the Existing Revolver bears interest based on LIBOR plus 1.0%.
−Removed: As such, this debt instrument exposes us to market risk for changes in interest rates.
−Removed: There was no outstanding balance under our Existing Revolver as of January 30, 2022, other than amounts reserved for standby letters of credit in the amount of $7.1 million.
+Added: Borrowings under the Existing Revolver, the Secured Term Loan and the Unsecured Term loan bear interest based on BSBY plus 1.00%, BSBY plus 0.90% and BSBY plus 1.40%, respectively.
+Added: As such, these debt instruments expose us to market risk for changes in interest rates.
+Added: There was no outstanding balance under the Existing Revolver as of January 29, 2023 other than standby letters of credit in the amount of $8.6 million.
+Added: As of January 29, 2023, $24.3 million was outstanding under our term loans.
+Added: A 1% increase in the BSBY rate would result in an annual increase in interest expenses on our terms loans of approximately $237,000.
Raw Materials Price Risk
20 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.