What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2021-05-07 compared with 2020-10-29 · 2 added, 2 removed, 15 unchanged (21% of the section changed)

7 unchanged sentences

Interest Rate Risk

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.

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 between $41 million and $43 million.

The 2025 Notes were issued with a fixed rate of interest, and as such, a change in interest rates would impact the fair value of the 2025 Notes but such a change would have no impact on our results of operations or cash flows.

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 $50 million.

The sensitivity analysis presented is based on certain simplifying assumptions, including instantaneous change in interest rate and parallel shifts in the yield curve.

6 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.