13 unchanged sentences
dollar against the Australian dollar have resulted in a gain of $0.2 million in foreign currency translation in the fiscal year ended June 30, 2021.
−Removed: We had a flat foreign currency translation for fiscal year 2019 and a loss of $0.1 million for fiscal year 2018.
+Added: We had a gain of $0.1 million in foreign currency translation for fiscal year 2020 and were flat for fiscal year 2019.
We are also subject to risks relating to changes in the general economic conditions in the countries where we conduct business.
6 unchanged sentences
Interest Rate Risk
−Removed: We are subject to interest rate risk in connection with borrowings under our revolving credit facility and term loan, which bear interest at variable rates.
−Removed: At June 30, 2020, we had $75.0 m illion of term loan outstanding under our term loan facility and $8.8 million outstanding debt under our revolving credit facility.
+Added: We are subject to interest rate risk in connection with borrowings under our revolving credit facility and term loans, which bear interest at variable rates.
+Added: At June 30, 2021, we had $ 99.4 m illion of term loans outstanding under our term loan facility and $ 45.0 million outstanding debt under our revolving credit facility.
As of June 30, 2021, the undrawn borrowing amount under our revolving credit facility was $125.0 million.
−Removed: Borrowings under the term loan and revolving credit facility bear interest at our option of (i) the highest of the prime rate, the Federal Funds Rate plus 0.5%, or one-month LIBOR plus 1%, which is the Base Rate, or (ii) LIBOR, in each case plus an applicable margin ranging from 0.25% to 1.25% with respect to Base Rate borrowings and 1.25% to 2.25% with respect to LIBOR borrowings.
+Added: Borrowings under the term loans and revolving credit facility bear interest at our option of (i) the highest of the prime rate, the Federal Funds Rate plus 0.5%, or one-month LIBOR plus 1%, which is the Base Rate, or (ii) LIBOR, in each case plus an applicable margin ranging from 0.25% to 1.25% with respect to Base Rate borrowings and 1.25% to 2.25% with respect to LIBOR borrowings.
Therefore, our income and cash flows will be exposed to changes in interest rates to the extent that we do not have effective hedging arrangements in place.
−Removed: At June 30, 2020, the interest rate on our term loan and revolving credit facility was 1.66% .
+Added: At June 30, 2021, the interest rate on our term loans and revolving credit facility was 1.35%.
Based on a sensitivity analysis at June 30, 2021, assuming a 100 basis point increase in interest rates would increase our annual interest expense by approximately $1.4 million.
−Removed: On July 1, 2015, we entered into a 5-year floating to fixed interest rate swap with a certain counterparty to the previously existing credit agreement to mitigate the risk of interest rate fluctuations associated with our variable rate long term debt.
−Removed: The swap has an effective start date of July 1, 2015 and is based on a one-month LIBOR rate versus a 1.52% fixed rate on a notional value of $39.3 million, which was equal to 50% of the outstanding balance of our term loan at the time of the swap arrangement.
−Removed: The swap matured on March 31, 2020.
−Removed: For the fiscal year ended June 30, 2020, we recorded a loss of $0.1 million for the change in fair value of the interest rate swap, which is included in interest expense in the consolidated statements of operations and comprehensive income.
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.