4 unchanged sentences
Our asset-based senior secured revolving credit facility, and equipment financing facility are secured by substantially all of our assets.
−Removed: The interest rates applicable to our asset-based senior secured revolving credit facility fluctuate with LIBOR rates.
+Added: The interest rates applicable to our asset-based senior secured revolving credit facility fluctuate with SOFR rates.
There was outstanding $95.1 million in borrowings under our asset-based senior secured revolving credit facility and $7.9 million outstanding on our equipment financing facilities as of July 2, 2022.
−Removed: See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Capital Resources and Liquidity” and Note 4 – “Long-Term Debt” to the Consolidated Financial Statements for additional information regarding our revolving credit facility and term loans.
+Added: See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Capital Resources and Liquidity”in this Annual Report on Form 10-K and the Footnote “Long-Term Debt” of the “Notes to Consolidated Financial Statements” for additional information regarding our revolving credit facility and term loans.
Foreign Currency Exchange Risk
2 unchanged sentences
Exchange rate fluctuations among other currencies used by us would directly or indirectly affect our financial results.
−Removed: We currently use Mexican peso forward contracts to hedge foreign currency fluctuations for a portion of our Mexican peso denominated expenses.
−Removed: There was $10.6 million of foreign currency forward contracts outstanding as of July 3, 2021.
−Removed: The fair value of these contracts was approximately $3.6 million.
−Removed: See Note 10 – “Derivative Financial Instruments” to the Consolidated Financial Statements for additional information regarding our derivative instruments.
+Added: We use Mexican peso forward contracts to hedge foreign currency fluctuations for a portion of our Mexican peso denominated expenses.
+Added: There were no foreign currency forward contracts outstanding as of July 2, 2022.
+Added: For additional information regarding our derivative instruments, please refer to Footnote “Derivative Financial Instruments” of the “Notes to Consolidated Financial Statements.”
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.