8 unchanged sentences
immaterial, might materially and adversely affect our business, financial condition and/or operating results.
−Removed: There have been no material
+Added: Other than as stated below, there have been no material
changes to the risk factors discussed in “Item 1A.
1 unchanged sentence
year ended December 31, 2022.
+Added: We may be subject
+Added: to risks related to bank impairments or failures either directly or through our portfolio companies, which, in turn, could indirectly
+Added: impact our performance and results of operations.
+Added: In March 2023, the U.S.
+Added: Federal Deposit Insurance Corporation (“FDIC”) took control of Silicon Valley Bank and Signature Bank, and in May 2023, the
+Added: FDIC took control of First Republic Bank due to liquidity concerns.
+Added: The impairment or failure of one or more banks with whom any of our
+Added: portfolio companies transact may inhibit the ability of our portfolio companies to access depository accounts, including cash and cash
+Added: equivalents, as well as investment accounts, which, in turn, may indirectly impact our performance and results of operations.
+Added: of a bank impairment or failure, affected portfolio companies may experience difficulties impacting their performance or results of operations,
+Added: which, in turn, may result in impacts to our performance.
+Added: In the event of such a failure of a banking institution where one or more of
+Added: our portfolio companies holds depository accounts, access to such accounts could be restricted and FDIC protection may not be available
+Added: for balances in excess of amounts insured by the FDIC.
+Added: In such instances, our affected portfolio companies would not recover such excess,
+Added: uninsured amounts, and they may not be able to cure any defaults.
+Added: Additionally, unfavorable economic conditions also could increase our
+Added: funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to us.
+Added: These events could
+Added: prevent us from increasing our investments and harm business, financial condition, operating results and prospects.
+Added: We closely monitor
+Added: activity in the banking sector as it relates to any of our borrowers and continually assess any potential indirect impact to us as a result
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.