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 March 29, 2024, we had an aggregate of $1.92 billion in outstanding borrowings under our Revolving Credit Facility and Term Loan Facilities.
+Added: As of June 28, 2024, we had an aggregate of $1.83 billion in outstanding borrowings under our Revolving Credit Facility and Term Loan Facilities.
Interest on amounts borrowed under these a greements 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).
4 unchanged sentences
Additionally, during fiscal 2022, we entered into two treasury lock arrangements with an aggregate notional value of $500.0 million, which were settled in the second quarter fiscal 2023, and are disclosed in further detail in Note 17- Commitments and Contingencies and Derivative Financial Instruments.
−Removed: For the six months ended March 29, 2024, our weighted average borrowings that are subject to floating rate exposure were approximately $1.34 billion.
−Removed: If floating interest rates had increased by 1.00%, our interest expense for the six months ended March 29, 2024 would have increased by approximately $6.7 million.
+Added: For the nine months ended June 28, 2024, our weighted average borrowings that are subject to floating rate exposure were approximately $1.33 billion.
+Added: If floating interest rates had increased by 1.00%, our interest expense for the nine months ended June 28, 2024 would have increased by approximately $10.0 million.
Foreign Currency Risk
1 unchanged sentence
We follow the provisions of ASC 815, Derivatives and Hedging in accounting for our derivative contracts.
−Removed: The Company has $946.1 million in notional value of exchange rate sensitive instruments at March 29, 2024.
+Added: The Company has $1,056.6 million in notional value of exchange rate sensitive instruments at June 28, 2024.
See Note 17- 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.