2 unchanged sentences
The Notes due 2026 and the Notes due 2028 bear interest at fixed rates, and therefore are not subject to market risk.
−Removed: As of December 31, 2020, the interest rate risk that we are exposed to is related to our $175.0 million revolving credit facility and our $263.3 million term loan.
−Removed: 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.
−Removed: 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.
+Added: As of December 30, 2021, the interest rate risk that we are exposed to is related to our $175.0 million revolving credit facility, our $261.2 million term loan (first tranche) and our $49.8 million term loan (second tranche).
+Added: 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 $4.8 million for an annual period on the $167.0 million, $261.2 million and $49.8 million outstanding as of December 30, 2021 on our revolving credit facility and term loans, respectively.
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.