4 unchanged sentences
Our cash consists primarily of an interest-bearing account at a large United States bank with limited interest rate risk.
−Removed: At March 31, 2025, we held no investments in marketable securities.
+Added: At June 30, 2025, we held no investments in marketable securities.
We incur interest at variable rates under our Revolving Credit Facility.
−Removed: At March 31, 2025, there were no outstanding borrowings under the Revolving Credit Facility and $30.8 million of outstanding letters of credit, resulting in total revolver availability of $619.2 million, which was available at intervals ranging from 30 to 180 days at interest rates of SOFR plus 2.25% or base rate plus 1.25% (subject to one ratings-based step down of 0.25%) .
−Removed: Until April 8, 2025, our Term Loan Facility bore interest at a rate per annum of SOFR plus an applicable margin of 2.50% and had an outstanding balance of $997.5 million at March 31, 2025.
−Removed: Effective April 8, 2025, we entered into an interest rate swap agreement for our entire Term Loan Facility notional amount of $997.5 million , which converted the variable interest rate of our Term Loan Facility to a fixed interest rate of 3.409%, plus the applicable margin of 2.50% (subject to one ratings-based step down of 0.25%).
−Removed: Assuming no prepayments of the Term Loan Facility and that the Revolving Credit Facility is fully drawn, each one percentage point change in interest rates would result in an approximately $16.5 million change in annual interest expense on the indebtedness under the Credit Facilities as of March 31, 2025.
+Added: At June 30, 2025, there were no outstanding borrowings under the Revolving Credit Facility and $31.5 million of outstanding letters of credit, resulting in total revolver availability of $618.5 million, which was available at intervals ranging from 30 to 180 days at interest rates of SOFR plus 2.00% or base rate plus 1.00% (after the ratings-based step down of 0.25% effective June 19, 2025) .
+Added: Until April 8, 2025, our Term Loan Facility bore interest at a rate per annum of SOFR plus an applicable margin of 2.50%.
+Added: E ffective April 8, 2025, we entered into interest rate swap agreements for our entire Term Loan Facility notional amount of $997.5 million , which converted the variable interest rate of our Term Loan Facility to a fixed interest rate of 3.409%, plus the applicable margin that is now 2.25% (after the ratings-based step down of 0.25% effective June 19, 2025).
+Added: Our Term Loan Facility had an outstanding balance of $995.0 million at June 30, 2025.
+Added: See Note 6, Derivative Instruments and Hedging Activities, to our condensed consolidated financial statements in this report for more information on our interest rate swaps.
+Added: Assuming that the Revolving Credit Facility is fully drawn, each one percentage point change in interest rates would result in an approximately $6.5 million change in annual interest expense on the indebtedness under the Credit Facilities as of June 30, 2025.
Foreign currency exchange risk
2 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.