3 unchanged sentences
Our Credit Facility is subject to interest rate changes.
−Removed: We had no intraperiod borrowings under the Credit Facility during the year ended December 31, 2021, and had $500.0 million of intraperiod borrowings for during the year ended December 31, 2020, with none outstanding as of either December 31, 2021 or 2020.
+Added: We had $40.0 million in borrowings and repayments under the Credit Facility during the year ended December 31, 2022.
+Added: There were no intraperiod borrowings during the year ended December 31, 2021, and we had $500.0 million of intraperiod borrowings during the year ended December 31, 2020.
+Added: We had no outstanding borrowings as of either December 31, 2022 or 2021.
+Added: Interest charges resulting from the intraperiod borrowings during the year ended December 31, 2022 were not material.
There were no interest charges resulting from intraperiod borrowings during the year ended December 31, 2021.
2 unchanged sentences
Fair Value at December 31,
−Removed: 2022 2023 2024 2025 2026 Thereafter Total 2021 (a)
−Removed: Fixed rate $ — $ — $ — $ 400.0 $ — $ 750.0 $ 1,150.0 $ 1,248.7
−Removed: Weighted average interest rate n/a n/a n/a 6.000 % n/a 4.375 % 4.940 % n/a
+Added: 2023 2024 2025 2026 2027 Thereafter Total 2022
+Added: Fixed rate (a) $ — $ — $ 400.0 $ — $ 300.0 $ 450.00 $ 1,150.0 $ 1,061.6
+Added: Weighted average interest rate n/a n/a 6.000 % n/a 5.125 % 3.875 % 4.940 % n/a
Loans Payable and Other Borrowings
Fixed rate $ 6.3 $ 0.6 $ 0.1 $ — $ — $ 0.1 $ 7.1 $ 7.1
−Removed: Average interest rate 2.038 % 4.092 % — % — % n/a n/a 2.516 % n/a
−Removed: (a) Fair value of our fixed rate debt at December 31, 2021, is derived from quoted market prices by independent dealers.
+Added: Average interest rate 2.961 % — % — % — % — % — % — % n/a
+Added: (a) Fair value of our fixed rate senior notes at December 31, 2022, is derived from quoted market prices by independent dealers.
Our operations are interest rate sensitive.
3 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.