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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2021-03-09 compared with 2020-02-20 · 1 added, 0 removed, 5 unchanged (17% of the section changed)
4 unchanged sentences
A 100 basis point fluctuation in market interest rates underlying our term loan and revolving credit facility would have the effect of increasing or decreasing our cash interest expense by approximately $4.3 million for an annual period on the $167.0 million and $263.3 million outstanding as of December 31, 2020 on our revolving credit facility and term loan, respectively.
+Added: In response to the COVID-19 Pandemic, the government lowered the Federal Reserve interest rate leading to historically low interest rates as of December 31, 2020 that has had the effect of reducing the Company's interest rate risk.
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.