14 unchanged sentences
Based on the amount of unhedged floating rate debt owed by us on December 31, 2023, the impact of a 100 basis point increase in interest rates on this amount of debt would result in an increase in interest expense and a corresponding decrease in net income of approximately $0.4 million annually.
−Removed: We are not exposed to changes in interest rates with respect to our 2024 Notes and 2025 Notes as these obligations are fixed rate.
−Removed: Based on the quoted prices for identical liabilities in markets that are not active at December 31, 2022, the estimated fair value of the 2024 Notes and 2025 Notes was $54.1 million and $290.7 million, respectively.
+Added: We are not exposed to changes in interest rates with respect to our 2028 Notes as these obligations are at a fixed rate.
+Added: Based on the quoted prices for identical liabilities in markets that are not active at December 31, 2023, the estimated fair value of the 2028 Notes was $414.5 million.
Market risk is estimated as the potential decrease in fair value of our long-term debt resulting from a hypothetical increase of a 100 basis point increase in interest rates.
−Removed: Such an increase in interest rates at December 31, 2022 would result in a $0.04 million decrease in the fair value of our 2024 Notes and a $0.5 million decrease in the fair value of our 2025 Notes.
+Added: Such an increase in interest rates at December 31, 2023 would result in a $12.2 million decrease in the fair value of our 2028 Notes.
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.