8 unchanged sentences
We currently do not hold derivatives for trading or speculative purposes, but we may do so in the future.
−Removed: Many of the statements
−Removed: contained in this section are forward looking and should be read in conjunction with our disclosures under the heading “ Cautionary Statement about Forward-Looking Statements ” above.
−Removed: As of March 31, 2024, we had $703.1 million of variable rate indebtedness outstanding under the Credit Agreement.
+Added: Many of the statements contained in this section are forward looking and should be read in conjunction with our disclosures under the heading “ Cautionary Statement about Forward-Looking Statements ” above.
+Added: As of June 30, 2024, we had $819.7 million of variable rate indebtedness outstanding under the Credit Agreement.
All of the outstanding borrowings under the Credit Agreement are at variable rates based on SOFR.
−Removed: The interest rate for our variable rate indebtedness as of March 31, 2024 was SOFR plus 1.85%.
−Removed: At March 31, 2024, SOFR was 5.33%, subject to the 0.50% SOFR floor as included in the Credit Agreement.
+Added: The interest rate for our variable rate indebtedness as of June 30, 2024 was SOFR plus 1.85%.
+Added: At June 30, 2024, SOFR was 5.34%, subject to the 0.50% SOFR floor as included in the Credit Agreement.
A hypothetical 100 basis point increase in the average interest rate above the SOFR floor on our variable rate indebtedness would increase our annual interest cost by approximately $8.2 million.
1 unchanged sentence
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.