11 unchanged sentences
The sensitivity analysis presented is based on certain simplifying assumptions, including instantaneous change in interest rate and parallel shifts in the yield curve.
−Removed: Interest under the Term Loan B, PortoCem Bridge Loan, and BNDES Term Loan have components based on the Secured Overnight Financing Rate ("SOFR"), one-day interbank deposit rate in Brazil, and BNDES fixed rate, respectively.
+Added: Interest under the Term Loan B, PortoCem Bridge Loan, BNDES Term Loan, and Term Loan A have components based on the Secured Overnight Financing Rate ("SOFR"), one-day interbank deposit rate in Brazil, and BNDES fixed rate, respectively.
A 100-basis point increase or decrease in the market interest rates would decrease or increase our annual interest expense by approximately $18 million.
4 unchanged sentences
As our operations expand in Brazil, our results of operations will be exposed to changes in fluctuations in the Brazilian real, which may materially impact our results of operations.
−Removed: During the first and second quarters of 2024 , we entered into a series of foreign exchange forward contracts and zero-cost collar options to reduce exchange rate risk associated with U.S.
+Added: During 2024 , we entered into a series of foreign exchange forward contracts and zero-cost collar options to reduce exchange rate risk associated with U.S.
dollar borrowings and expected capital expenditures.
−Removed: As of June 30, 2024 , the notional amount of outstanding foreign exchange contracts was approximately $359,135.
+Added: As of September 30, 2024 , the notional amount of outstanding foreign exchange contracts was approximately $299.1 million.
Outside of Brazil, our operations are primarily conducted in U.S.
3 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.