4 unchanged sentences
Interest Rate Risk
−Removed: At October 31, 2023, we had cash, cash equivalents and restricted cash of $105.8 million, which consisted primarily of bank deposits and money market funds.
+Added: At April 30, 2024, we had cash, cash equivalents and restricted cash of $134.8 million, which consisted primarily of bank deposits and money market funds.
Interest-earning instruments carry a degree of interest rate risk.
3 unchanged sentences
On February 11, 2022, we entered into a senior secured revolving credit facility of up to $50.0 million.
−Removed: Borrowings bear interest, at the Company's option, at:
−Removed: (i) a base rate equal to the greater of (a) the lender’s “prime rate,” (b) the federal funds rate plus 0.50%, and (c) the BSBY rate plus 1.00%, plus a margin of 0.00% (provided that the base rate shall not be less than 0.00%);
−Removed: or (ii) the BSBY rate (provided that the BSBY shall not be less than 0.00%), plus a margin of 1.00%.
+Added: On March 17, 2024, the Company entered into the Second Amendment which, among other things, increased our borrowing availability to $100.0 million.
+Added: Borrowings bear interest, at the Borrower's option, at:
+Added: (i) a base rate equal to the greatest of (a) the Lender’s “prime rate”, (b) the federal funds rate plus 0.50%, and (c) the Term SOFR rate plus 1.00% (provided that the base rate shall not be less than 0.00%), plus a margin of 1.3125%;
+Added: or (ii) the Term SOFR rate (provided that the Term SOFR shall not be less than 0.00%), plus a margin of 2.3125%, in each case with such margin subject to a step down based on achievement of a certain leverage ratio.
As a result, we are exposed to increased interest rate risk as we make draws.
−Removed: At October 31, 2023, we had no amounts outstanding under the Credit Facility.
+Added: At April 30, 2024, we had $55.0
+Added: million outstanding under the Credit Facility.
+Added: A hypothetical 100 basis point change in interest rates would not have had a material impact on our financial results included in this Quarterly Report on Form 10-Q.
See Note 11 "Revolving Credit Facility" of the notes to our unaudited condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional information.
15 unchanged sentences
dollar to other currencies would have a material effect on operating results or financial condition.
+Added: At April 30, 2024, based on the balances of our cash, cash equivalents, and restricted cash denominated in foreign currencies, a hypothetical 10% increase or decrease in foreign currency exchange rates would have had an impact of approximately $8.5 million on our cash, cash equivalents and restricted cash at April 30, 2024.
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.