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These securities are subject to interest rate risk and credit risk.
−Removed: This means that a change in prevailing interest rates may cause the principal amount of the investment to fluctuate.
+Added: This means that a change in prevailing interest rates may cause the fair value of the investment to fluctuate.
For example, if we hold a security that was issued with a fixed interest rate at the then-prevailing rate and the interest rate later rises, we expect that the fair value of our investment will decline.
−Removed: A hypothetical 100 basis point increase in interest rates would have reduced the fair value of our available-for-sale securities at September 30, 2021 by approximately $2.9 million.
−Removed: The fair values of our convertible senior notes are impacted by both the fair value of our common stock and interest rate fluctuations.
−Removed: As of September 30, 2021, the estimated fair value of the 2025 Notes was $1,086 per $1,000 principal amount and the estimated fair value of the 2022 Notes was $1,038 per $1,000 principal amount.
−Removed: See Note 8, Debt , to our condensed consolidated financial statements included herein for further discussion of our convertible senior notes, which bear interest at a fixed rate.
−Removed: At September 30, 2021, all $402.5 million of principal remains outstanding on the 2025 Notes, and $160.0 million of principal remains outstanding on the 2022 Notes.
+Added: A hypothetical 100 basis point increase in interest rates would have reduced the fair value of our available-for-sale securities at March 31, 2022 by approximately $0.9 million.
+Added: The fair values of our Notes are impacted by both the fair value of our common stock and interest rate fluctuations.
+Added: As of March 31, 2022, the estimated fair value of the 2025 Notes was $1,241 per $1,000 principal amount.
+Added: See Note 9, Debt , to our condensed consolidated financial statements included herein for further discussion of our Notes, which bear interest at a fixed rate.
+Added: At March 31, 2022, all $402.5 million of principal remains outstanding on the 2025 Notes and $8.6 million of principal remains outstanding on the Flexion 2024 Notes.
+Added: The Term Loan provided for a single-advance term loan in the principal amount of $375.0 million and is scheduled to mature on December 7, 2026.
+Added: Each term loan borrowing which is an alternate base rate borrowing bears interest at a variable rate per annum equal to the Alternate Base Rate (as defined in the Credit Agreement) subject to a 1.75% floor, plus 6.00%.
+Added: Each term loan borrowing which is a term benchmark borrowing bears interest at a variable rate per annum equal to (i) the Adjusted Term SOFR rate (as defined in the Credit Agreement) subject to a 0.75% floor plus (ii) 7.00%.
+Added: At March 31, 2022, we had $375.0 million in outstanding borrowings under the Term Loan.
+Added: A hypothetical 100 basis point increase in interest rates would have increased interest expense during the quarter ended March 31, 2022 by approximately $0.9 million.
+Added: As a result of the Flexion Acquisition and as discussed in more detail in Note 9, Debt to our condensed consolidated financial statements included herein, any future conversion rights for the Flexion 2024 Notes are subject to the occurrence of any future events giving rise to such conversion rights under the indenture governing the Flexion 2024 Notes.
We have agreements with certain vendors and partners that operate in foreign jurisdictions.
1 unchanged sentence
Dollar, subject to an annual adjustment based on changes in currency exchange rates.
−Removed: Additionally, our accounts receivable are primarily concentrated with three large wholesalers of pharmaceutical products.
+Added: Additionally, our accounts receivable are primarily concentrated with four large wholesalers of pharmaceutical products.
In the event of non-performance or non-payment, there may be a material adverse impact on our financial condition, results of operations or net cash flow.
2 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.