1 unchanged sentence
Interest Rate Risk
−Removed: Our Notes due 2026 bear interest at a fixed rate of 5.50% per annum until maturity.
+Added: Our Exchangeable Notes bear interest at a fixed rate of 6.00% per annum until maturity.
Our Revolving Credit Facility bears interest at a variable rate based on the greater of the prime rate and an applicable margin and a stipulated interest rate;
2 unchanged sentences
therefore, if interest rates increase our required payments on any amounts outstanding under our IIP Life Science Credit Facility may also increase.
−Removed: At March 31, 2026, a 1% change in interest rates on our variable-rate debts would change our interest expense by $0.8 million.
+Added: One of our term loan bears interest at a variable rate based on one-month SOFR, subject to a floor of 3.75%, plus 5.0% per annum;
+Added: therefore, if interest rates increase, our required payments on amounts outstanding under one of our term loan may also increase.
+Added: At June 30, 2026, a 1% change in interest rates on our variable-rate debt would change our annual interest expense by $1.5 million.
Our investment in IQHQ Preferred Stock carries a fixed annual dividend rate of 15.0%, consisting of a 10.0% cash dividend and an initial 5.0% PIK dividend.
8 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.