1 unchanged sentence
Debt Obligations under Credit Agreement
−Removed: As of October 1, 2023, our total debt obligations under our 2021 Credit Agreement accrue interest under SOFR-based interest rates.
−Removed: A 100-basis point increase in the underlying SOFR would result in additional annual interest cost of approximately $2.2 million, assuming average borrowings, including our revolving credit facility and term loan under our senior credit facility, subject to variable rates of $216.3 million, which was the amount of such borrowings outstanding at October 1, 2023 subject to variable rates, excluding deferred financing costs related to the term loan.
+Added: As of March 31, 2024, our total debt obligations under our 2021 Credit Agreement accrue interest under SOFR-based interest rates.
+Added: A 100-basis point increase in the underlying SOFR would result in additional annual interest cost of approximately $5.0 million, assuming average borrowings, including our revolving credit facility and term loan under our senior credit facility, subject to variable rates of $502.5 million, which was the amount of such borrowings outstanding at March 31, 2024 subject to variable rates, excluding deferred financing costs related to the term loan.
Commodity Volatility
5 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.