2 unchanged sentences
Our total long-term debt consists of both fixed and variable interest rate facilities.
−Removed: Our senior notes have fixed interest rates ranging from 3.85% to 3.875%.
+Added: Our senior notes have a fixed interest rate of 3.875%.
These fixed-rate facilities reduce the impact of changes to market interest rates on future interest expense.
−Removed: Our senior credit facility has variable interest rates, which are based on either SOFR or a Base Rate, depending upon the specific type of borrowing, plus an applicable margin and other fees.
−Removed: At December 31, 2023, the average interest rate under our senior credit facility was 6.44%.
+Added: Our senior credit facility and term loan have variable interest rates, which are based on either SOFR or a Base Rate, depending upon the specific type of borrowing, plus an applicable margin and other fees.
+Added: At December 31, 2024, the average interest rate under our senior credit facility and term loan was 5.48%.
Our earnings would be affected by changes in these short-term variable interest rates.
9 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.