What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2023-11-06 compared with 2023-08-07 · 1 added, 1 removed, 3 unchanged (40% of the section changed)

1 unchanged sentence

The Company is exposed to risk from changes in interest rates on certain of its outstanding debt.

The outstanding loan balances under the Company’s current bank credit facilities bear interest at variable rates based on prevailing short-term interest rates in the United States, while the previous bank credit facilities also included Europe.

The outstanding loan balances under the Company’s current bank credit facilities bear interest at variable rates based on prevailing short-term interest rates in the United States, while the previous bank credit facilities also included banks in Europe.

A 1% increase in variable interest rates would impact the 2023 interest expense by $1.7 million based on balances outstanding at December 31, 2022, and would change the fair value of the Company’s debt by approximately 1.8%.

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.