8 unchanged sentences
Interest Rate Risk
−Removed: The 2026 Notes, 2029 Notes, New 2029 Notes, Brazil Financing Notes, EB-5 Loan, PortoCem Debentures and Turbine Financing (each defined in the Annual Report) were issued with a fixed rate of interest, and as such, a change in interest rates would impact the fair value of the debt outstanding but such a change would have no impact on our results of operations or cash flows.
+Added: The 2026 Notes, 2029 Notes, New 2029 Notes, New Brazil Notes, EB-5 Loan, and PortoCem Debentures (each defined in the Annual Report and above) were issued with a fixed rate of interest, and as such, a change in interest rates would impact the fair value of the debt outstanding 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 $160.4 million.
2 unchanged sentences
A 100-basis point increase or decrease in the market interest rates would decrease or increase our annual interest expense by approximately $19.5 million.
+Added: Following the completion of the Restructuring Transaction, we will no longer own BrazilCo, and the liabilities of BrazilCo debt will not be included in the Company's consolidated financial statements.
+Added: In addition, certain existing debt of CoreCo will be exchanged for one or a combination of new debt and equity securities.
Foreign Currency Exchange Risk
1 unchanged sentence
Based on our Brazilian reais revenues and expenses, a 10% depreciation of the U.S.
−Removed: dollar against the Brazilian reais would result in an increase of approximately $1 million of pre-tax net income for the three months ended March 31, 2026.
+Added: dollar against the Brazilian reais would result in an increase of approximately $5.3 million and $4.4 million of pre-tax net loss for the three and six months ended June 30, 2026, respectively .
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 March 31, 2026 , the notional amount of outstanding foreign exchange contracts was approximately $12.9 million.
+Added: As of June 30, 2026 , the notional amount of outstanding foreign exchange contracts was approximately $8.6 million.
+Added: Following the completion of the Restructuring Transaction, we will no longer own BrazilCo.
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.