14 unchanged sentences
Sensitivity Analysis - Interest Expense
−Removed: Interest rate volatility associated with all of our variable-rate borrowings, which totaled $988.4 million as of December 31, 2019 , affects interest expense incurred and cash flow to the extent they are not fixed via interest rate swap.
+Added: Interest rate volatility associated with all of our variable-rate borrowings, which totaled $1.1 billion as of December 31, 2020, affects interest expense incurred and cash flow to the extent they are not fixed via interest rate swap.
As noted above, we have nine designated interest rate swaps with a notional amount of $578.5 million, which effectively creates a fixed interest rate for a portion of our variable-rate debt.
8 unchanged sentences
A 100 basis point decrease in market interest rates would result in an increase in the fair value of our debt by $35.2 million.
−Removed: A 100 basis point increase in market interest rates would result in a increase in the fair value of our nine designated interest rate swaps by $31.5 million.
+Added: A 100 basis point increase in market interest rates would result in an increase in the fair value of our nine designated interest rate swaps by $28.5 million.
A 100 basis point decrease in market interest rates would result in a decrease in the fair value of our nine designated interest rate swaps by $30.2 million.
7 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.