5 unchanged sentences
Obligations to prepay our convertible senior notes may be required upon the occurrence of certain limited conversion conditions that are closely related to the fair value of the convertible senior notes, and therefore changes in the fair value of our convertible senior notes should not have a significant impact as conversion is more likely to occur under favorable stock price conditions.
−Removed: Our Credit Facility is subject to interest rate changes as the borrowing rates are based on Secured Overnight Financing Rate ("SOFR") or Prime (see Note 6 to our consolidated financial statements included in this report).
−Removed: We had no borrowings or repayments under the Credit Facility during the years ended December 31, 2024 and 2023, and had $40.0 million in both borrowings and repayments under the Credit Facility during the year ended December 31, 2022.
+Added: Our Credit Facility is subject to interest rate changes as the borrowing rates are based on the Secured Overnight Financing Rate ("SOFR") or Prime (see Note 6 to our consolidated financial statements included in this report).
+Added: We had $5.0 million of borrowings and repayments under the Credit Facility during the year ended December 31, 2025 and no borrowings or repayments under the Credit Facility during the years ended December 31, 2024 and 2023.
We had no outstanding borrowings as of either December 31, 2025 or 2024.
−Removed: There were no interest charges resulting from intraperiod borrowings during the years ended December 31, 2024 and 2023.
−Removed: Interest charges resulting from the intraperiod borrowings during the year ended December 31, 2022 were not material.
+Added: There were no material interest charges resulting from intraperiod borrowings during the years ended December 31, 2025, 2024, and 2023.
The following table presents our long-term debt obligations, principal cash flows by maturity, weighted average interest rates and estimated fair market value for the year ended December 31, 2025 (in millions):
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Fixed rate (a) $ — $ 300.0 $ 575.0 $ 450.0 $ — $ 500.0 $ 1,825.0 $ 1,820.6
−Removed: Weighted average interest rate n/a n/a 5.125 % 1.750 % 3.875 % n/a 3.236 % n/a
+Added: Weighted average interest rate n/a 5.125 % 1.750 % 3.875 % n/a 5.650 % 3.897 % n/a
Loans Payable and Other Borrowings
Fixed rate $ 20.0 $ 4.3 $ — $ — $ — $ — $ 24.3 $ 24.3
−Removed: Average interest rate 0.433 % 1.216 % 1.692 % — % — % n/a 1.018 % n/a
+Added: Average interest rate 1.226 % 0.619 % — % — % — % — % 1.117 % n/a
(a) Fair value of our fixed rate senior and convertible senior notes at December 31, 2025 is derived from quoted market prices by independent dealers.
4 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.