15 unchanged sentences
A 100 basis point decrease in market interest rates would result in an increase in the fair value of our fixed-rate debt of $9.4 million.
−Removed: As of December 31, 2022, our debt included variable-rate debt that was swapped-to-fixed through the use of derivative instruments with a fair value and carrying value of $175.0 million.
−Removed: The sensitivity analysis related to our variable-rate debt that was swapped-to-fixed assumes an immediate 100 basis point move in interest rates from December 31, 2022 levels and excludes the impact of the derivative instrument, with all other variables held constant.
−Removed: A 100 basis point increase in variable interest rates would result in a decrease in the fair value of our variable-rate debt that was swapped-to-fixed of less than $0.1 million.
−Removed: A 100 basis point decrease in variable interest rates would result in an increase in the fair value of our variable-rate debt that was swapped-to-fixed of less than $0.1 million.
−Removed: As of December 31, 2022, we did not have any outstanding variable-rate debt that was not swapped-to-fixed through the use of derivative instruments.
+Added: As of December 31, 2023, our debt included variable-rate debt, with a fair value and carrying value of $116.0 million.
+Added: As a result, we are subject to the potential impact of rising interest rates, which could negatively impact our results of operations and cash flows.
+Added: The sensitivity analysis related to our variable-rate debt assumes an immediate 100 basis point move in interest rates from December 31, 2023 levels and excludes the impact of the derivative instrument, with all other variables held constant.
+Added: A 100 basis point increase or decrease in variable interest rates would result in a decrease or increase in the fair value of our variable-rate debt of less than $0.1 million and would increase or decrease our interest expense by $1.2 million annually.
+Added: As of December 31, 2023, the Company had interest rate collar agreements in place on a total notional amount of $60.0 million to hedge against interest rate volatility on the Revolving Facility.
See Note 6 – Debt, Net to our consolidated and combined financial statements.
−Removed: As of December 31, 2022, our interest rate swaps had a fair value that resulted in net assets of $6.3 million.
+Added: As of December 31, 2023, our outstanding derivative agreements had a fair value that resulted in net liabilities of $0.3 million.
See Note 7 – Derivatives and Hedging Activities to our consolidated and combined financial statements for further discussion.
20 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.