13 unchanged sentences
The table below shows the sensitivity of our interest expense to changes in the interest rate, after the impact of hedge accounting.
−Removed: It shows the change resulting from a hypothetical fluctuation in the three-month LIBOR of 50 basis points (0.50%) as of December 31, 2022, assuming that all other variables remain unchanged.
−Removed: For example, changes in USD/EUR currency rate would have an impact on our interest exposure and vice versa.
+Added: It shows the change resulting from a hypothetical fluctuation of 50 basis points (0.50%) in the three-month LIBOR and the USD Term SOFR 3M + CAS (Credit Adjustment Spread) as of December 31, 2023, assuming that all other variables remain unchanged.
+Added: For example, changes in U.S.
+Added: dollar (“USD”)/EUR currency rate would have an impact on our interest exposure and vice versa.
Changes in interest rates would also have a related impact on our foreign currency (USD) exposure.
The sensitivity analysis assumes that the hypothetical interest rate was valid and that our Revolving credit facility was utilized in the full amount over the course of the entire year.
−Removed: The effect of this hypothetical change in the interest rate of the variable rate loan on our consolidated Income before earnings in affiliated companies and income taxes ("income before taxes" in this section) for the year ended December 31, 2022 is as follows:
+Added: The effect of this hypothetical change in the interest rate of the variable rate loan to our Consolidated Statements of Operations, Income before earnings in affiliated companies and income taxes ("income before taxes" in this section) is as follows:
December 31, 2023
2 unchanged sentences
Increase (decrease) in total comprehensive income before taxes 4.3 (4.4)
−Removed: Orion Engineered Carbons S.A
Foreign Currency Risk
37 unchanged sentences
We believe that our contracts enable us to generally maintain our Segment Adjusted EBITDA Margins.
−Removed: Orion Engineered Carbons S.A
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.