2 unchanged sentences
Interest Rate Risk
−Removed: As of March 31, 2026, borrowings under the Company’s Credit Facility bear interest at either term SOFR or a base rate, in each case, plus an applicable margin based upon the Company’s consolidated net leverage ratio, and, in the case of term SOFR, a spread adjustment equal to 0.10% per annum.
−Removed: As a result of the variable interest rates applicable under the Credit Facility, if interest rates rise significantly, the cost of debt to the Company will increase.
+Added: As of June 30, 2026, borrowings under the Company’s Amended Credit Facility bear interest at either term SOFR or a base rate, in each case, plus an applicable margin based upon the Company’s consolidated net leverage ratio, and, in the case of term SOFR, a spread adjustment equal to 0.10% per annum.
+Added: As a result of the variable interest rates applicable under the Amended Credit Facility, if interest rates rise significantly, the cost of debt to the Company will increase.
This may have an adverse effect on the Company, depending on the extent of the Company’s borrowings outstanding throughout a given year.
−Removed: As of March 31, 2026, and December 31, 2025, the Company had outstanding borrowings under the Credit Facility of approximately $861.8 million and $859.7 million, respectively.
−Removed: The interest rate applicable on outstanding borrowings under the Credit Facility was approximately 4.7% as of both March 31, 2026, and December 31, 2025, respectively.
−Removed: An interest rate change of 100 basis points would result in an approximate $2.2 million and $8.6 million increase or decrease to interest expense for the three months ended March 31, 2026, and year ended December 31, 2025, respectively.
From 2023 until the first quarter of 2026, the Company had interest rate swaps in place to convert a portion of the Company's variable rate borrowings under the Credit Facility to a fixed rate exposure.
2 unchanged sentences
In April 2026, the Company entered into $400.0 million notional amounts of four-year interest rate swaps, converting a portion of the Company’s variable rate borrowings into an average fixed rate of 3.58% plus the applicable margin.
+Added: As of June 30, 2026, and December 31, 2025, the Company had outstanding borrowings under the Amended Credit Facility and Credit Facility of approximately $864.7 million and $859.7 million, respectively.
+Added: The interest rate applicable on outstanding borrowings under the Amended Credit Facility and Credit Facility was approximately 4.4% and 4.7% as of June 30, 2026, and December 31, 2025, respectively.
+Added: An interest rate change of 100 basis points would have resulted in an approximate $4.3 million and $8.6 million increase or decrease to interest expense for the six months ended June 30, 2026, and year ended December 31, 2025, respectively.
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.