Quantitative and Qualitative Disclosures About Market Risk
−Removed: At June 30, 2024, there were no material changes in our market risk from the information provided in the 2023 Annual Report except for a change in interest rate risk for our variable rate debt.
+Added: At September 30, 2024, there were no material changes in our market risk from the information provided in the 2023 Annual Report except for a change in interest rate risk for our variable rate debt.
At December 31, 2023, we had no outstanding variable rate debt under our revolving credit facility.
As such, we had no interest rate risk on variable rate debt at December 31, 2023.
−Removed: At June 30, 2024, we had $279 million outstanding under our revolving credit facility and $250 million outstanding under the term loan.
−Removed: Holding all other variables constant at June 30, 2024, if the variable portion of the interest rates hypothetically increased 10%, the effect on our earnings and cash flow would be $3.0 million.
+Added: At September 30, 2024, we had $191 million outstanding under our revolving credit facility and $250 million outstanding under the term loan.
+Added: Holding all other variables constant at September 30, 2024, if the variable portion of the interest rates hypothetically increased 10%, the effect on our earnings and cash flow would be $2.3 million.
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.