6 unchanged sentences
Commodity Risk
−Removed: Our exposure to significant market risks includes fluctuations in commodity prices for copper, aluminum, steel and fuel.
+Added: Our exposure to significant market risks includes fluctuations in commodity prices for copper, aluminum, steel, electrical components, fuel, and certain plastics.
Commodity price risks may have an impact on our results of operations due to the fixed nature of many of our contracts.
1 unchanged sentence
Interest Rate Risk
−Removed: We are subject to interest rate risk on floating interest rate borrowings under our revolving credit facility.
−Removed: 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.
−Removed: 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.
−Removed: Our revolving credit facility provides for a mechanism to amend the facility to reflect the establishment of an alternative rate of interest upon the
−Removed: occurrence of certain events related to the phase-out of LIBOR.
−Removed: 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.
−Removed: As we have $ 12 thousand of borrowings outstanding at September 30, 2020, our exposure to interest rate risk as of that date is minimal.
−Removed: We currently do not maintain any hedging contracts that would limit our exposure to variable rates of interest when we have outstanding borrowings.
Floating rate debt, where the interest rate fluctuates periodically, exposes us to short-term changes in market interest rates.
+Added: All of the long-term debt outstanding under our revolving credit facility is structured on floating rate terms.
+Added: We currently do not maintain any hedging contracts that would limit our exposure to variable rates of interest when we have outstanding borrowings under our revolving credit facility.
+Added: On December 2, 2021, we entered into an amendment to our credit agreement which replaces LIBOR with SOFR as the benchmark for establishing the interest rate charged on our borrowings.
+Added: If SOFR were to increase, our interest payment obligations on any then-outstanding borrowings would increase, having a negative effect on our cash flow and financial condition.
+Added: A one percentage point increase in the interest rate on our long-term debt outstanding under the credit facility of $40.3 million as of September 30, 2021 would cause a $0.4 million pre-tax annual increase in interest expense.
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.