7 unchanged sentences
However, our historical interest income has not fluctuated significantly.
−Removed: A hypothetical 10% change in interest rates would not have had a material impact on our financial results included in this Annual Report on Form 10-K.
+Added: A hypothetical 10% change in interest rates would not have had a
+Added: material impact on our financial results included in this Annual Report on Form 10-K.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
−Removed: 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 Bloomberg Short Term Bank Yield Index ("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: Our 2024 Credit Facility is a senior secured revolving credit facility of up to $250.0 million.
+Added: Borrowings bear interest, at the Borrower’s option, at:
+Added: (i) a base rate equal to the greatest of (a) the Agent’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 1.00%;
+Added: or (ii) the Term SOFR rate (provided that the Term SOFR shall not be less than 0.00%), plus a margin of 2.00%, in each case with such margin subject to step ups based on certain leverage ratios.
As a result, we are exposed to increased interest rate risk as we make draws.
−Removed: At January 31, 2024, we had no amounts outstanding under the Credit Facility.
−Removed: A hypothetical 100 basis point change in interest rates would
−Removed: not have had a material impact on our financial results included in this Annual Report on Form 10-K.
+Added: At January 31, 2025, we had $166.0 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 Annual Report on Form 10-K.
See Note 14 "Revolving Credit Facility" of the notes to our consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K for additional information.
17 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.