6 unchanged sentences
Changes in interest rates may increase interest expense payments with respect to any borrowings incurred under the credit facilities.
−Removed: Borrowings under our credit facilities incur interest, depending on our election, at a floating rate based upon LIBOR, the U.S.
+Added: Borrowings under our credit facilities incur interest, depending on our election, at a floating rate based upon SOFR plus a credit spread adjustment, the U.S.
Federal Funds Rate or the U.S.
1 unchanged sentence
If appropriate, we may seek to reduce such exposure through the use of interest rate swaps or similar instruments.
−Removed: As of September 30, 2021, we had a total of $355 million borrowings outstanding under our credit facilities.
−Removed: The effect of a hypothetical 100 basis point increase in floating interest rates prevailing as of September 30, 2021 and continuing for a full year would increase interest expense by approximately $3.6 million.
+Added: As of December 31, 2021, we had a total of $330 million borrowings outstanding under our credit facilities.
+Added: The effect of a hypothetical 100 basis point increase in floating interest rates prevailing as of December 31, 2021 and continuing for a full year would increase interest expense by approximately $3.3 million.
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.