3 unchanged sentences
Commodity price risk is the risk of loss arising from adverse changes in market rates and prices.
−Removed: We are able to limit our exposure to fluctuations in natural gas prices as our pricing in contracts
−Removed: with customers is based on the Henry Hub index price plus a contractual spread.
+Added: We are able to limit our exposure to fluctuations in natural gas prices as our pricing in contracts with customers is based on the Henry Hub index price plus a contractual spread.
Our exposure to market risk associated with LNG price changes may adversely impact our business.
−Removed: We do not currently have any derivative arrangements to protect against
−Removed: fluctuations in commodity prices, but to mitigate the effect of fluctuations in LNG prices on our operations, we may enter into various derivative instruments.
+Added: We do not currently have any derivative arrangements to protect against fluctuations in commodity prices, but to mitigate the effect of fluctuations in LNG prices on our operations, we may enter into various derivative instruments.
Interest Rate Risk
−Removed: Debt that we incurred under the Term Loan Facility bore interest at a variable rate and exposed us to interest rate risk.
−Removed: Interest is calculated under the terms of the Term Loan Facility based on
−Removed: our selection, from time to time, of one of the index rates available to us plus an applicable margin that varies based on certain factors.
−Removed: See “—Liquidity and Capital Resources—Long-Term Debt.” As of December 31, 2019, the principal amount
−Removed: outstanding for the Term Loan Facility was $495,000.
−Removed: The impact on interest expense of a 1% increase or decrease in the interest rate of the Term Loan Facility would be approximately $4,950 per year.
−Removed: Subsequent to December 31, 2019, we borrowed $800,000 in term loans under the Credit Agreement, and the loan proceeds were received in January 2020.
−Removed: The Credit Agreement bears interest based on a
−Removed: LIBOR rate plus a fixed margin.
−Removed: As proceeds from the Credit Agreement were used to repay the Term Loan Facility in full, our future exposure to changes in interest rates will be primarily limited to borrowings outstanding under the Credit
−Removed: The impact on interest expense of a 1% increase or decrease in the interest rate of the Credit Agreement would be approximately $8,000 per year.
−Removed: The Senior Secured Bonds and Senior Unsecured Bonds were issued with a fixed rate of interest, and as such, a change in interest rates would impact the fair value of the Senior Secured Bonds and
−Removed: Senior Unsecured Bonds but such a change would have no impact on our results of operations or cash flows.
+Added: The Senior Secured Notes were issued with a fixed rate of interest, and as such, a change in interest rates would impact the fair value of the Senior Secured Notes but such a change would have no impact on our results of operations or cash flows.
+Added: A 100 -basis point increase or decrease in the market interest rate would decrease or increase the fair value of our fixed rate debt by approximately $ 52 million .
+Added: The sensitivity analysis presented is based on certain simplifying assumptions, including instantaneous change in interest rate and parallel shifts in the yield curve.
We do not currently have any derivative arrangements to protect against fluctuations in interest rates applicable to our outstanding indebtedness.
1 unchanged sentence
We primarily conduct our operations in U.S.
−Removed: dollars, and as such, our results of operations and cash flows have not materially been impacted by fluctuations due to changes in foreign currency
−Removed: exchange rates.
+Added: dollars, and as such, our results of operations and cash flows have not materially been impacted by fluctuations due to changes in foreign currency exchange rates.
We currently incur a limited amount of costs in foreign jurisdictions that are paid in local currencies, but we expect our international operations to continue to grow in the near term.
−Removed: We do not currently have any derivative
−Removed: arrangements to protect against fluctuations in foreign exchange rates, but to mitigate the effect of fluctuations in exchange rates on our operations, we may enter into various derivative instruments.
+Added: We do not currently have any derivative arrangements to protect against fluctuations in foreign exchange rates, but to mitigate the effect of fluctuations in exchange rates on our operations, we may enter into various derivative instruments.
+Added: Financial Statements and Supplementary Data.
+Added: Our Consolidated Financial Statements, together with the report of our independent registered public accounting firm, begin on page F-1 of this Annual Report and are incorporated herein by reference.
+Added: Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
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.