Quantitative and Qualitative Disclosures About Market Risk
−Removed: Except for the broad effects of COVID-19 as a result of its negative impact on the global economy and major financial markets, there were no material changes to the disclosures regarding market risks in connection with our interest rate risk exposure.
+Added: There were no material changes to the disclosures regarding market risks in connection with our interest rate risk exposure.
See Item 7A, “Quantitative and Qualitative Disclosures About Market Risk,” of our Annual Report on Form 10-K for the fiscal year ended June 30, 2022.
7 unchanged sentences
If appropriate, we may seek to reduce such exposure through the use of interest rate swaps or similar instruments.
−Removed: As of March 31, 2022, we had a total of $285 million borrowings outstanding under our credit facilities.
−Removed: The effect of a hypothetical 100 basis point increase in floating interest rates prevailing as of March 31, 2022 and continuing for a full year would increase interest expense by approximately $2.9 million.
+Added: As of September 30, 2022, we had a total of $220 million borrowings outstanding under our credit facilities.
+Added: The effect of a hypothetical 100 basis point increase in floating interest rates prevailing as of September 30, 2022 and continuing for a full year would increase interest expense by approximately $2.2 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.