10 unchanged sentences
As of December 31, 2021, there was availability of $200.0 million on the 2019 Revolving Facility.
−Removed: Any increase in the
−Removed: interest rate under the 2019 Revolving Facility may have a negative impact on our future earnings to the extent we have outstanding borrowings under the 2019 Revolving Facility.
−Removed: The Company uses interest rate swaps to reduce the variability in cash flows associated with a portion of the Company’s forecasted interest payments on its variable rate debt.
−Removed: As of December 31, 2020, the Company had entered into interest rate swap contracts to fix the LIBOR rate on a notional amount of $100.0 million through May 31, 2024.
+Added: Any increase in the interest rate under the 2019 Revolving Facility may have a negative impact on our future earnings to the extent we have outstanding borrowings under the 2019 Revolving Facility.
+Added: We use interest rate swaps to reduce the variability in cash flows associated with a portion of our forecasted interest payments on its variable rate debt.
+Added: As of December 31, 2021, we had entered into interest rate swap contracts to fix the LIBOR rate on a notional amount of $100.0 million through May 31, 2024.
The average fixed LIBOR rate on the interest rate swaps as of December 31, 2021 was approximately 0.82%.
2 unchanged sentences
The effect of a 100 basis points adverse change in market interest rates on our 2019 Term Facility, in excess of applicable minimum floors, on our interest expense would be approximately $1.8 million excluding the impact of our interest rate swaps;
+Added: including the impact of our interest rate swaps, the effect of a 100 basis point adverse change in market interest rates would be approximately $0.8 million.
Foreign Currency Risk
−Removed: We face exposure to movements in foreign currency exchange rates whenever we, or any of our subsidiaries, enter into transactions with third parties that are denominated in currencies other than ours, or that subsidiary’s, functional currency.
+Added: We face exposure to movements in foreign currency exchange rates whenever we, or any of our subsidiaries, enter into transactions with third parties that are denominated in currencies other than our, or that subsidiary’s, functional currency.
Intercompany transactions between entities that use different functional currencies also expose us to foreign currency risk.
−Removed: During the years ended December 31, 2020, 2019 and 2018, the net impact of foreign currency changes on transactions was a loss of $0.3 million, a gain of less than $0.1 million and a loss of $0.6 million, respectively.
+Added: During the years ended December 31, 2021, 2020 and 2019, the net impact of foreign currency changes on transactions was a gain of $0.1 million, a loss of $0.3 million and a gain of less than $0.1 million, respectively.
From time to time, we enter into foreign currency forward contracts primarily to reduce the effects of fluctuating foreign currency exchange rates.
5 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.