2 unchanged sentences
Our investment portfolio primarily includes cash equivalents for which the market values are not significantly affected by changes in interest rates.
−Removed: Our interest rate risk results primarily from our variable rate indebtedness under our new credit facility, which is influenced by movements in short-term rates.
+Added: Our interest rate risk results primarily from our variable rate indebtedness under our credit facility, which is influenced by movements in short-term rates.
Borrowings under our $190 million revolving credit facility as well as our $125 million term loan bear interest at SOFR, plus a credit spread adjustment and applicable SOFR margin, ranging from 1.25% to 2.75%, based upon our Total Consolidated D ebt Leverage Ratio.
−Removed: Based on the amount of our variable rate debt of $186.6 million at December 31, 2022, an increase in interest rat es by one hundred basis points from our current rate would increase annual interest expense by approximately $1.9 million.
+Added: Based on the amount of our variable rate debt of $186.4 million at December 31, 2023 , an increase in interest rates by one hundred basis points from our current rate would increase annual interest expense by approximately $1.9 million.
Foreign Currency Risk
21 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.