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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2023-10-27 compared with 2023-07-28 · 2 added, 2 removed, 9 unchanged (31% of the section changed)
8 unchanged sentences
Interest rate risk
−Removed: At June 30, 2023, we had $38.0 million in outstanding borrowings under our credit facility, with a weighted average ending interest rate of 13.29%.
−Removed: Based on the amounts outstanding under our credit facility as of June 30, 2023, a 100 basis-point increase in SOFR (or an equivalent successor rate) would increase the Company’s annual interest expense by approximately $0.4 million.
+Added: At September 30, 2023, we had $51.5 million in outstanding borrowings under our Credit Facility, with a weighted average ending interest rate of 12.79%.
+Added: Based on the amounts outstanding under our credit facility as of September 30, 2023, a 100 basis-point increase in SOFR (or an equivalent successor rate) would increase the Company’s annual interest expense by approximately $0.5 million.
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.