6 unchanged sentences
Under our current policies, we do not use interest rate derivative instruments to manage our exposure to changes in interest rates.
−Removed: The following tables present principal cash flows by scheduled maturity, weighted average effective interest rates and the estimated fair value of debt obligations as of May 31, 2022 (dollars in thousands):
−Removed: As of May 31, 2022 and for the Years Ending November 30, Fair Value at
+Added: The following tables present principal cash flows by scheduled maturity, weighted average effective interest rates and the estimated fair value of debt obligations as of August 31, 2022 (dollars in thousands):
+Added: As of August 31, 2022 and for the Years Ending November 30, Fair Value at
+Added: August 31, 2022
2022 2023 2024 2025 2026 Thereafter Total
4 unchanged sentences
Weighted Average Effective Interest Rate 3.8 % — % — % — % — % — % 3.8 %
−Removed: (a) The interest rate for our variable rate debt, which is comprised of borrowings outstanding under our Credit Facility, represents the weighted average interest rate in effect at May 31, 2022.
−Removed: Based upon the amount of variable rate debt outstanding at May 31, 2022, and holding the variable rate debt balance constant, each 100-basis point increase in interest rates would increase the interest we incur by approximately $4.0 million per year.
+Added: (a) The interest rate for our variable rate debt, which is comprised of borrowings outstanding under our Credit Facility, represents the weighted average interest rate in effect at August 31, 2022.
+Added: Based upon the amount of variable rate debt outstanding at August 31, 2022, and holding the variable rate debt balance constant, each 100 basis-point increase in interest rates would increase the interest we incur by approximately $4.0 million per year.
Unconsolidated Joint Ventures.
8 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.