4 unchanged sentences
We are exposed to market risk from changes in interest rates on our debt, which bears interest, at SOFR plus a margin between 1.25% and 2.25%.
−Removed: As of June 26, 2024, we had outstanding borrowings of $87.0 million under our 2022 Revolver, $9.8 million of letters of credit in support of our insurance programs, and the applicable margin on outstanding borrowings under 2022 Revolver was 1.5%.
+Added: As of September 25, 2024, we had outstanding borrowings of $76.0 million under our 2022 Revolver, $9.8 million of letters of credit in support of our insurance programs, and the applicable margin on outstanding borrowings under 2022 Revolver was 1.5%.
A 1.0% increase in the effective interest rate applied to our 2022 Revolver borrowings would result in a pre-tax interest expense increase of $0.8 million on an annualized basis.
−Removed: During the thirteen and twenty-six weeks ended June 26, 2024, we paid down $7.0 million and $11.0 million, respectively, on our 2022 Revolver and the outstanding balance as of June 26, 2024 was $87.0 million.
−Removed: During the thirteen and twenty-six weeks ended June 26, 2024, we borrowed $14.0 million on the 2022 Revolver.
+Added: During the thirteen and thirty-nine weeks ended September 25, 2024, we paid down $11.0 million and $22.0 million, respectively, on our 2022 Revolver and the outstanding balance as of September 25, 2024 was $76.0 million.
+Added: During the thirty-nine weeks ended September 25, 2024, we borrowed $14.0 million on the 2022 Revolver.
Borrowings under the 2022 Credit Agreement (other than any swingline loans) bear interest, at the borrowers’ option, at rates based upon either SOFR or a base rate, plus, for each rate, a margin determined in accordance with a lease-adjusted consolidated leverage ratio-based pricing grid.
13 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.