8 unchanged sentences
Borrowings under our Unsecured Credit Agreement and our $200 million unsecured term loan accrue interest at a rate equal to LIBOR, plus a margin, as specified in Note 8 - Debt.
−Removed: The unsecured revolving credit facility and the corresponding $300 million unsecured term loan under the Unsecured Credit Agreement mature on June 30, 2022 and February 1, 2023, respectively, and, thus, we do not believe the cessation of LIBOR will have an impact to these instruments.
+Added: On October 6, 2021, we entered into a third amended and restated revolving credit and term loan agreement, extending the maturities under the existing Unsecured Credit Agreement to October 31, 2025.
+Added: However, the credit agreement, as amended, includes customary LIBOR replacement terms.
The $200 million unsecured term loan matures on January 15, 2024, however, the loan agreement includes provisions for an alternative rate of interest in the event LIBOR is no longer a widely recognized benchmark rate.
−Removed: As of June 30, 2021, the fallback rate under SOFR was 0.16%.
+Added: As of September 30, 2021, the fallback rate under SOFR was 0.16%.
Comparatively, the U.S.
−Removed: dollar 1-Month LIBOR rate as of June 30, 2021 was 0.10%.
+Added: dollar 1-Month LIBOR rate as of September 30, 2021 was 0.08%.
Consequently, we do not anticipate the transition from LIBOR will have a material impact on our financial statements or results of operations.
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.