11 unchanged sentences
Decreases in agricultural demand, increases in supply, or decreases in agricultural commodity prices could reduce our agricultural potash and Trio ® sales.
−Removed: The price of water is influenced by demand from the oil
−Removed: and gas operators in the Permian Basin.
+Added: The price of water is influenced by demand from the oil 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, 2020, we had $29.8 million of borrowings outstanding on this facility and $1 million in an outstanding letter of credit under the facility.
+Added: As of December 31, 2021, we had no 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 $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.
−Removed: As of December 31, 2020, the Series B Senior Notes bear interest at 4.63%, which reflect the lowest rates in the pricing grid.
−Removed: The interest rates may adjust quarterly based upon our financial performance and certain financial covenant levels.
−Removed: As of December 31, 2020, these financial covenant tests have been met.
−Removed: The fair value of the Series B Senior Notes fluctuates based on the assessment of our credit and movements in market interest rates.
−Removed: 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.
−Removed: 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
9 unchanged sentences
dollar prices.
−Removed: Strengthening of these local currencies therefore tends to support higher U.S.
+Added: Strengthening of these local currencies therefore tends to
+Added: support higher U.S.
potash prices as the foreign suppliers attempt to maintain their margins.
2 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.