13 unchanged sentences
The market risk inherent in our financial instruments and our financial position represents the potential loss arising from adverse changes in interest rates.
−Removed: As of June 30, 2022, the Company had interest bearing debt, net of deferred financing costs, with principal amount of $2.97 billion.
+Added: As of September 30, 2022, the Company had interest bearing debt, net of deferred financing costs, with principal amount of $3.45 billion.
The interest rate for the revolving and term loan credit facilities are variable, which exposes the Company to the risk of increased interest expense in the event of increases to short-term interest rates.
Accordingly, results of operations, cash flows, financial condition, and the ability to make cash distributions could be adversely affected by significant increases in interest rates.
−Removed: If interest rates increase by 1.0%, the Company’s consolidated interest expense would have increased by approximately $5.1 million for the quarter ended June 30, 2022 on a pro forma basis giving effect of the Company’s comprehensive refinance completed at the beginning of the second quarter 2022.
+Added: If interest rates increase by 1.0%, the Company’s consolidated interest expense would have increased by approximately $6.3 million for the quarter ended September 30, 2022.
The Company may periodically enter into interest rate derivatives to add stability to interest expense and to manage its exposure to interest rate movements.
3 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.