1 unchanged sentence
Interest Rate Risk
−Removed: As of September 30, 2020, we have outstanding convertible senior notes payable of $30.6 million (including $1.0 million in payment-in-kind interest) principal amount due July 2023 with a fixed interest rate of (i) 3.25% per annum if paid in cash or 5.00% per annum if paid in stock plus (ii) 2.75% per annum payable in kind, as well as a $138.8 million (including $4.0 million in payment-in-kind interest) term loan due February 2023 with a fixed interest rate of (i) 8.00% per annum plus (ii) 2.5% per annum payable in kind.
+Added: As of March 31, 2021, we have outstanding convertible senior notes payable of $20.9 million (including $0.9 million in PIK interest) principal amount due July 2023 with a fixed interest rate of (i) 3.25% per annum if paid in cash or 5.00% per annum if paid in stock plus (ii) 2.75% per annum payable in kind, as well as a $125.3 million (including $5.5 million in PIK interest) term loan due February 2023 with a fixed interest rate of (i) 8.00% per annum plus (ii) 2.5% per annum payable in kind.
As the interest rates on the notes and the term loan are at fixed rates, we are not generally subject to any direct risk of loss related to these notes arising from changes in interest rates.
3 unchanged sentences
Interest rate risk may result from many factors, including governmental monetary and tax policies, domestic and international economic and political considerations and other factors that are beyond our control.
−Removed: During the nine months ended September 30, 2020, the maximum amount borrowed under the revolving credit facility was nil and the average amount of borrowings outstanding was nil.
−Removed: As of September 30, 2020, the amount of total borrowings outstanding under the revolving credit facility was nil.
+Added: During the three months ended March 31, 2021, the maximum amount borrowed under the revolving credit facility was nil and the average amount of borrowings outstanding was nil.
+Added: As of March 31, 2021, the amount of total borrowings outstanding under the revolving credit facility was nil.
Foreign Currency Risk
10 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.