1 unchanged sentence
Debt Obligations
−Removed: At December 31, 2021, our total debt obligations under our 2021 Credit Agreement were under LIBOR-based interest rates.
−Removed: A 100 basis point increase in the underlying LIBOR rates would result in additional annual interest cost of approximately $0.8 million, assuming average borrowings, including the Term Loan, subject to variable rates of $79.4 million, which was the amount of such borrowings outstanding at December 31, 2021, excluding deferred financing costs related to the term loan and $200.0 million of borrowings outstanding under the revolver and term loan that are hedged at a fixed interest rate through interest rate swaps.
+Added: At December 31, 2022, our total debt obligations under our 2021 Credit Agreement were under SOFR-based interest rates.
+Added: A 100-basis point increase in the underlying SOFR rates would result in additional annual interest cost of approximately $2.2 million, assuming average borrowings, including the Term Loan due 2027, subject to variable rates of $217.2 million, which was the amount of such borrowings outstanding at December 31, 2022, excluding deferred financing costs related to the Term Loan due 2027.
Commodity Volatility
8 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.