5 unchanged sentences
Our Revo lving Credit Facility, Term Loan Facilities and certain other debt obligations are subject to variable rate interest which could be adversely affected by an increase in interest rates.
−Removed: As of April 2, 2021, we had an aggregate of $2.99 billion in outstanding borrowings under our Revolving Credit Facility and Term Loan Facilities.
+Added: As of July 2, 2021, we had an aggregate of $2.63 billion in outstanding borrowings under our Revolving Credit Facility and Term Loan Facilities.
Interest on amounts borrowed under these agreements is subject to adjustment based on the Compa ny’s Consolidated Leverage Ratio (as defined in the credit agreements governing the Revolving Credit Facility and the Term Loan Facilities).
2 unchanged sentences
However, as discussed in Note 19- Commitments and Contingencies and Derivative Financial Instrument s, we have entered into swap agreements with an aggregate notional value of $929.7 million to convert the variable rate interest based liabilities associated with a corresponding amount of our debt into fixed interest rate liabilities, leaving $1.70 billion in principal amount subject to variable interest rate risk.
−Removed: For the six months ended April 2, 2021, our weighted average borrowings that are subject to floating rate exposure were approximately $870.1 million.
−Removed: If floating interest rates had increased by 1.00%, our interest expense for the six months ended April 2, 2021 would have increased by approximately $4.3 million.
+Added: For the nine months ended July 2, 2021, our weighted average borrowings that are subject to floating rate exposure were approximately $1.28 billion.
+Added: If floating interest rates had increased by 1.00%, our interest expense for the nine months ended July 2, 2021 would have increased by approximately $9.6 million.
Foreign Currency Risk
2 unchanged sentences
815, Derivatives and Hedging in accounting for our derivative contracts.
−Removed: The Company has $ 447.4 million in notional value of exchange rate sensitive instruments at April 2, 2021.
+Added: The Company has $498.0 million in notional value of exchange rate sensitive instruments at July 2, 2021.
See Note 19- Commitments and Contingencies and Derivative Financial Instruments for discussion.
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.