9 unchanged sentences
At December 31, 2024, we had total long-term debt of $971 million.
−Removed: All of our long-term debt is at fixed rates except for debt outstanding under the revolving credit facility.
+Added: All of the long-term debt is at fixed rates except for $77 million outstanding under the revolving credit facility and $250 million outstanding under the term loan agreement.
There was no interest rate risk at the end of the year associated with the fixed rate debt.
−Removed: At December 31, 2023, we had no outstanding variable rate debt under our revolving credit facility.
−Removed: As such, we had no interest rate risk on variable rate debt at December 31, 2023.
−Removed: A hypothetical 100 basis point decrease in interest rates, holding all other variables constant, would have resulted in a change of $35 million in fair value of our debt at December 31, 2023.
+Added: Holding all other variables constant, if the variable portion of the interest rates hypothetically increased 10%, the effect on our earnings and cash flow would have been additional interest expense of $2 million.
+Added: Holding all other variables constant, a hypothetical 100 basis point decrease in interest rates would have resulted in a change of $30 million in fair value of our debt at December 31, 2024.
Foreign Currency Risk
14 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.