2 unchanged sentences
Our Inventory Financing Facility exposes us to risks caused by fluctuations in interest rates.
−Removed: The interest rate on our Inventory Financing Facility for new boats is calculated using the one-month
−Removed: LIBOR plus an applicable margin.
−Removed: Based on an outstanding balance of $176.1 million as of June 30, 2020, a change of 100 basis points in the underlying interest rate would have caused a change in interest expense of $1.8 million.
−Removed: We do not currently
−Removed: hedge our interest rate exposure.
−Removed: This hypothetical increase does not take into account a corresponding increase to the programs that we may receive from our manufacturers or management’s ability to curtail inventory and related floor plan balances,
−Removed: both of which would reduce the impact of the interest rate increase.
+Added: The interest rate on our Inventory Financing Facility for new boats is calculated using the
+Added: one-month LIBOR plus an applicable margin.
+Added: Based on an outstanding balance of $170.3 million as of December 31, 2020, a change of 100 basis points in the underlying interest rate would have caused a change in interest expense of $1.7 million.
+Added: not currently hedge our interest rate exposure.
+Added: This hypothetical increase does not take into account a corresponding increase to the programs that we may receive from our manufacturers or management’s ability to curtail inventory and related floor
+Added: plan balances, both of which would reduce the impact of the interest rate increase.
+Added: Our Refinanced Credit Facility exposes us to risks caused by fluctuations in interest rates.
+Added: The interest rate on our Refinanced Credit Facility is calculated using the one-month LIBOR (with a
+Added: 0.75% floor) plus an applicable margin.
+Added: Based on an outstanding balance of $80.0 million and the one-month LIBOR as of December 31, 2020, an increase of 100 basis points in the underlying interest rate would have caused a change in interest expense
+Added: of approximately $0.3 million.
+Added: A basis points reduction in the underlying interest rate would not have caused a change in interest expense.
+Added: We do not currently hedge our interest rate exposure.
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.