Quantitative and Qualitative Disclosures about Market Risk
−Removed: Our exposure to market risk includes interest rate
−Removed: fluctuations in connection with our Revolving Facility (see Note 5 – Credit Facilities).
−Removed: As detailed in the BMO Credit Agreement,
−Removed: borrowings under the Revolving Facility bear interest, at the Company’s election, at either (i) the Adjusted Term SOFR plus an applicable
−Removed: margin or (ii) the Base Rate plus an applicable margin.
−Removed: The applicable margin varies based on the Company’s Total Net Leverage Ratio
−Removed: and ranges from 1.50% to 2.00% for SOFR loans and from 0.50% to 1.00% for Base Rate loans.
−Removed: Borrowings under the Revolving Facility are
−Removed: therefore subject to risk based upon prevailing market interest rates.
−Removed: Interest rate risk may result from many factors, including governmental
−Removed: monetary and tax policies, domestic and international economic and political considerations and other factors that are beyond our control.
+Added: exposure to market risk includes interest rate fluctuations in connection with our Revolving Facility (see Note 5 – Credit Facilities).
+Added: As detailed in the BMO Credit Agreement, borrowings under the Revolving Facility bear interest, at the Company’s election, at either
+Added: (i) the Adjusted Term SOFR plus an applicable margin or (ii) the Base Rate plus an applicable margin.
+Added: The applicable margin varies based
+Added: on the Company’s Total Net Leverage Ratio and ranges from 1.50% to 2.00% for SOFR loans and from 0.50% to 1.00% for Base Rate loans.
+Added: Borrowings under the Revolving Facility are therefore subject to risk based upon prevailing market interest rates.
+Added: Interest rate risk
+Added: may result from many factors, including governmental monetary and tax policies, domestic and international economic and political considerations
+Added: and other factors that are beyond our control.
Currency Risk
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