5 unchanged sentences
This could adversely affect our cash flows.
−Removed: As of December 31, 2023, we have an interest rate cap agreement in place to hedge a portion of our variable interest rate risk on our outstanding long-term debt.
+Added: As of December 31, 2024, we have an interest rate cap agreement in place to economically hedge a portion of our variable interest rate risk on our outstanding long-term debt.
The agreement has a contract notional amount of $500.0 million and entitles us to receive from the counterparty at each calendar quarter end the amount, if any, by which a specified floating market rate exceeds the cap strike interest rate.
The floating interest rate is reset at the end of each three-month period.
−Removed: The contract expires on January 19, 2025.
+Added: The contract expired on January 19, 2025 and was not renewed.
We had $299.7 million of outstanding borrowings under our Term Loan and no outstanding borrowings under our Revolving Credit Facility as of December 31, 2024.
6 unchanged sentences
The majority of our expenses are generally denominated in the currencies in which they are incurred, which is primarily in the United States.
−Removed: As we expand our presence in international markets, to the extent we are required to enter into agreements denominated in a currency other than the U.S.
+Added: As we endeavor to expand our presence in international markets, to the extent we are required to enter into agreements denominated in a currency other than the U.S.
dollar, results of operations and cash flows may increasingly be subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign currency exchange rates.
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.