26 unchanged sentences
therefore, the Company is subject to increases and decreases in interest expense resulting from fluctuations in interest rates.
−Removed: The Company entered into interest rate swap agreement in April 2018 to manage interest rate exposure in connection with its variable interest rate borrowings with an aggregate notional value of $25.0 million at December 31, 2022.
−Removed: In June 2019, the Company entered into additional interest rate swap agreements, with an aggregate notional value of $25.0 million at December 31, 2022.
+Added: The Company entered into interest rate swap agreements in June 2019, to manage interest rate exposure in connection with its variable interest rate borrowings with an aggregate notional value of $25.0 million at December 31, 2023.
As of December 31, 2023, approximately $185.4 million of the Company’s debt carries a variable rate of interest, as compared to $206.3 million at December 31, 2022.
−Removed: The remainder of the debt at December 31, 2022
−Removed: (approximately $50.0 million) carries a fixed rate of interest through the use of interest rate swaps.
−Removed: A hypothetical and instantaneous 100 basis point increase in the Company’s variable interest rates would increase interest expense by approximately $2.6 million over a twelve month period.
+Added: The remainder of the debt at December 31, 2023 (approximately $25.0 million) carries a fixed rate of interest through the use of interest rate swaps.
+Added: A hypothetical and instantaneous 100 basis point increase
+Added: in the Company’s variable interest rates would increase interest expense by approximately $2.3 million over a twelve month period.
The sensitivity analysis above assumes interest rate changes are instantaneous and parallel shifts in the yield curve occur.
7 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.