15 unchanged sentences
Interest Rate Fluctuations
−Removed: 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.
+Added: Balances outstanding under the amended $150 million credit facility bear interest at SOFR plus an applicable margin of 1.50% to 2.25% per annum, based on our leverage ratio as calculated in accordance with the amended agreement governing the revolving credit facility.
+Added: Borrowings under the revolving credit facility are secured by substantially all of our current and non-current assets, and the obligations under the credit facility are unconditionally guaranteed by several of our subsidiaries.
As of December 31, 2022, we had no borrowings outstanding on this facility and $1 million in an outstanding letter of credit under the facility.
−Removed: We occasionally borrow and repay amounts under the facility for near-term working capital needs.
Geographic Concentration
−Removed: Our mines, facilities, and many of our customers are concentrated in the western half of United States and are, therefore, affected by weather and other conditions in this region.
+Added: Our mines, facilities, and many of our customers are concentrated in the western half of U.S.
+Added: and are, therefore, affected by weather and other conditions in this region.
Foreign Exchange Rate Fluctuations
7 unchanged sentences
dollar prices.
−Removed: Strengthening of these local currencies therefore tends to
−Removed: support higher U.S.
+Added: Strengthening of these local currencies therefore tends to 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.