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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2025-03-06 compared with 2024-03-12 · 1 added, 1 removed, 17 unchanged (11% of the section changed)
9 unchanged sentences
A one-percent increase in one-month SOFR would have resulted in a net increase in interest expense of $1.1 million on an annualized basis.
−Removed: At December 31, 2023, using Adjusted SOFR plus a 2.00% spread, any borrowings under the ABL Facility would have been at a 7.445% interest rate.
+Added: At December 31, 2024, based on a one-month Term SOFR Rate, the interest rate on outstanding borrowings under the ABL Facility was 5.94%.
Foreign Currency Risk
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.