3 unchanged sentences
Commodity price risks may have an impact on our results of operations due to the fixed price nature of many of our contracts.
−Removed: We are also exposed to interest rate risk with respect to our outstanding debt obligations on the Credit Facility.
+Added: We are also exposed to interest rate risk with respect to our outstanding debt obligations on our credit facility.
For additional information see “Risk Factors” in Item 1A of this Annual Report on Form 10-K.
5 unchanged sentences
We are subject to interest rate risk on floating interest rate borrowings under our revolving credit facility.
−Removed: If LIBOR were to increase, our interest payment obligations on outstanding borrowings would increase, having a negative effect on our cash flow and financial condition.
−Removed: As we have no borrowings outstanding at September 30, 2019 , we had no exposure to interest rate risk as of that date.
+Added: If LIBOR or its replacement benchmark were to increase, our interest payment obligations on outstanding borrowings would increase, having a negative effect on our cash flow and financial condition.
+Added: In July 2017, the Financial Conduct Authority (the regulatory authority over LIBOR) stated that it would phase out LIBOR as a benchmark after 2021 to allow for an orderly transition to an alternative reference rate.
+Added: Our revolving credit facility provides for a mechanism to amend the facility to reflect the establishment of an alternative rate of interest upon the
+Added: occurrence of certain events related to the phase-out of LIBOR.
+Added: However, we have not yet pursued any technical amendment or other contractual alternative to address this matter and are currently evaluating the impact of the potential replacement of the LIBOR interest rate.
+Added: As we have $ 12 thousand of borrowings outstanding at September 30, 2020, our exposure to interest rate risk as of that date is minimal.
We currently do not maintain any hedging contracts that would limit our exposure to variable rates of interest when we have outstanding borrowings.
1 unchanged sentence
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.