9 unchanged sentences
We are exposed to market risks related to fluctuations in interest rates on our outstanding variable rate indebtedness.
−Removed: As of June 30, 2025, we had $662.6 million of variable rate indebtedness outstanding under the June 2025 Credit Agreement.
−Removed: All of the outstanding borrowings under the Credit Agreement are (and, as of June 30, 2025, all of the outstanding borrowings under the June 2025 Credit Agreement were) at variable rates based on SOFR.
−Removed: The interest rate for our variable rate indebtedness as of June 30, 2025 was SOFR plus 1.85%.
−Removed: At June 30, 2025, SOFR was 4.33%, subject to the 0.50% SOFR floor as included in the June 2025 Credit Agreement.
+Added: As of September 30, 2025, we had $623.6 million of variable rate indebtedness outstanding under the Credit Agreement.
+Added: All of the outstanding borrowings under the Credit Agreement are at variable rates based on SOFR.
+Added: The interest rate for our variable rate indebtedness as of September 30, 2025 was SOFR plus 1.95%.
+Added: At September 30, 2025, SOFR was 4.16%, 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 $6.2 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.