2 unchanged sentences
Our operating results are subject to risk from interest rate fluctuations on our Credit Facility, which carries variable interest rates.
−Removed: As of February 3, 2024, our Credit Facility consisted solely of
−Removed: a Revolving Credit Facility with advances tied to a borrowing base.
+Added: As of February 1, 2025, our Credit Facility consisted
+Added: solely of a Revolving Credit Facility with advances tied to a borrowing base.
Because our Credit Facility bears interest at a variable rate, we are exposed to market risks relating to changes in interest rates.
−Removed: As of February 3, 2024, we had no outstanding
−Removed: variable rate debt under our Revolving Credit Facility.
+Added: As of February 1, 2025, we had no
+Added: outstanding variable rate debt under our Revolving Credit Facility.
We do not use derivative financial instruments for speculative or trading purposes, but this does not preclude our adoption of specific hedging strategies in the future.
1 unchanged sentence
Our results of operations and financial condition are presented based on historical cost.
−Removed: While it is difficult to accurately measure the impact of inflation due to the imprecise nature of the estimates
−Removed: required, we believe the effects of inflation, if any, on our historical results of operations and financial condition have been immaterial.
−Removed: We cannot be assured that our results of operations and financial condition will not be materially impacted
−Removed: by inflation in the future.
+Added: While it is difficult to accurately measure the impact of inflation due to the imprecise nature of the
+Added: estimates required, we believe the effects of inflation, if any, on our historical results of operations and financial condition have been immaterial.
+Added: We cannot be assured that our results of operations and financial condition will not be
+Added: materially impacted by inflation in the future.
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.