3 unchanged sentences
For LIBOR loans, the margin is in the range of 1.25% and 2.25%.
−Removed: As of March 25, 2020 , we had outstanding borrowings of $141.5 million under our 2018 Revolver, $8.4 million of letters of credit in support of our insurance programs, and the applicable margin on outstanding borrowings under 2018 Revolver was 1.5%.
+Added: As of June 24, 2020, we had outstanding borrowings of $138.8 million under our 2018 Revolver, $11.1 million of letters of credit in support of our insurance programs, and the applicable margin on outstanding borrowings under 2018 Revolver was 1.5%.
In addition, there is currently uncertainty around whether LIBOR will continue to exist after 2021.
4 unchanged sentences
To balance our portfolio, we entered into an interest rate swap with a notional amount of $40.0 million, related to the outstanding borrowings under our 2018 Revolver.
−Removed: The interest rate swap was designated as a cash flow hedge and effectively converted a portion of our outstanding borrowings to a fixed rate of 2.81%.
+Added: The interest rate swap was designated as a cash flow hedge and effectively converted a portion of our outstanding borrowings to a fixed rate of 1.31%, plus applicable margin, which is currently 1.5%.
The interest rate swap matures in June 2023.
12 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.