4 unchanged sentences
We are subject to market risk by way of changes in interest rates on borrowings under our inventory financing facilities and mortgage financing repurchase agreement.
−Removed: As of June 30, 2021 and December 31, 2020 we had outstanding borrowings of $1,690.9 million and $346.3 million, respectively, which bear interest at a floating rate based on a London Interbank Offered Rate (“LIBOR”) reference rate plus an applicable margin.
+Added: As of September 30, 2021 and December 31, 2020 we had outstanding borrowings of $4,069.5 million and $346.3 million, respectively, which bear interest at a floating rate based on a London Interbank Offered Rate (“LIBOR”) reference rate plus an applicable margin.
Accordingly, fluctuations in market interest rates may increase or decrease our interest expense.
1 unchanged sentence
Many of our floating rate debt facilities also have LIBOR floors.
−Removed: Assuming no change in the outstanding borrowings on our credit facilities, we estimate that a one percentage point increase in LIBOR would increase our annual interest expense by approximately $13.9 million and $4.4 million as of June 30, 2021 and December 31, 2020, respectively.
+Added: Assuming no change in the outstanding borrowings on our credit facilities, we estimate that a one percentage point increase in LIBOR would increase our annual interest expense by approximately $36.2 million and $4.4 million as of September 30, 2021 and December 31, 2020, respectively.
In July 2017 the U.K.
7 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.