10 unchanged sentences
The price of potash and Trio ® is influenced by agricultural demand, global and domestic supply, competing specialty fertilizers, and the prices of agricultural commodities.
−Removed: Decreases in agricultural demand, increases in supply, or decreases in agricultural
−Removed: commodity prices could reduce our agricultural potash and Trio ® sales.
−Removed: The price of water is influenced by demand from the oil and gas operators in the Permian Basin.
+Added: Decreases in agricultural demand, increases in supply, or decreases in agricultural commodity prices could reduce our agricultural potash and Trio ® sales.
+Added: The price of water is influenced by demand from the oil
+Added: and gas operators in the Permian Basin.
Natural gas and oil price declines may result in a reduction in drilling activity, which could reduce our sales of water.
2 unchanged sentences
Balances outstanding under our $75 million revolving credit facility bear interest at a floating rate of 1.25% to 2.00% above LIBOR, based on our leverage ratio.
−Removed: As of December 31, 2019 , we had $19.8 million of borrowings outstanding on this facility.
+Added: As of December 31, 2020, we had $29.8 million of borrowings outstanding on this facility and $1 million in an outstanding letter of credit under the facility.
We occasionally borrow and repay amounts under the facility for near-term working capital needs.
−Removed: The $50 million aggregate principal amount of Notes bears interest based on a pricing grid set forth in the agreement governing the Notes.
−Removed: As of December 31, 2019, the Series A Senior Notes bear interest at 3.73%, the Series B Senior Notes bear interest at 4.63%, and the Series C Senior Notes bear interest at 4.78%, which reflect the lowest rates in the pricing grid.
−Removed: These interest rates may adjust quarterly based upon our financial performance and certain financial covenant levels.
+Added: The $15 million aggregate principal amount of Series B Senior Notes bears interest based on a pricing grid set forth in the agreement governing the Notes.
+Added: As of December 31, 2020, the Series B Senior Notes bear interest at 4.63%, which reflect the lowest rates in the pricing grid.
+Added: The interest rates may adjust quarterly based upon our financial performance and certain financial covenant levels.
As of December 31, 2020, these financial covenant tests have been met.
−Removed: The fair value of the senior notes fluctuates based on the assessment of our credit and movements in market interest rates.
−Removed: As of December 31, 2019, the aggregate principal amount of Notes due was $50.0 million and their estimated fair value was $50.0 million .
−Removed: A 1.0% increase or decrease in underlying interest rates for the Notes would increase or decrease interest expense by approximately $0.5 million annually, assuming aggregate principal amount outstanding remains constant at December 31, 2019 levels.
+Added: The fair value of the Series B Senior Notes fluctuates based on the assessment of our credit and movements in market interest rates.
+Added: As of December 31, 2020, the aggregate principal amount of Series B Senior Notes due was $15.0 million and their estimated fair value was $15.0 million.
+Added: A 1.0% increase or decrease in underlying interest rates for the Series B Senior Notes and our revolving credit facility would increase or decrease interest expense by approximately $0.5 million annually, assuming aggregate principal amount outstanding remains constant at December 31, 2020 levels.
Geographic Concentration
14 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.