10 unchanged sentences
Refer to Note 15 in the Notes to Condensed Consolidated Financial Statements included in this Quarterly Report for further discussion about the interest rate swap.
−Removed: At June 30, 2023, we had $147.4 million of principal outstanding under the Term Loan Facility without regard to capitalized debt issuance costs.
+Added: At September 30, 2023, we had $147.7 million of principal outstanding under the Term Loan Facility without regard to capitalized debt issuance costs.
A one-percent increase in one-month SOFR would have resulted in a net increase in interest expense of $1.5 million on an annualized basis.
−Removed: At June 30, 2023, using Adjusted SOFR plus a 2.00% spread, the interest rate on the $3.0 million of outstanding borrowings under the ABL Facility was 7.246%.
+Added: At September 30, 2023, using Adjusted SOFR plus a 2.00% spread, any borrowings under the ABL Facility would have been at a 7.429% interest rate.
Foreign Currency Risk
3 unchanged sentences
From time to time, we may use foreign currency derivatives to hedge currency exposures when these exposures meet certain discretionary levels.
−Removed: We did not hold a position in any foreign currency derivatives as of June 30, 2023.
+Added: We did not hold a position in any foreign currency derivatives as of September 30, 2023.
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.