2 unchanged sentences
We invest in corporate bonds, commercial paper, asset-backed securities and U.S.
−Removed: Treasury and other government agency notes, which are reported at fair value.
+Added: Treasury and other government agency notes for purposes other than trading which are reported at fair value.
These securities are subject to interest rate risk and credit risk.
1 unchanged sentence
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, 2023 by approximately $0.7 million.
−Removed: The fair values of our Notes are impacted by both the fair value of our common stock and interest rate fluctuations.
−Removed: As of September 30, 2023, the estimated fair value of the 2025 Notes was $909 per $1,000 principal amount.
+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, 2024 by approximately $0.6 million.
+Added: The fair value of our 2025 Notes is impacted by both the fair value of our common stock and interest rate fluctuations.
+Added: As of March 31, 2024, the estimated fair value of the 2025 Notes was $953 per $1,000 principal amount.
See Note 8, Debt , to our condensed consolidated financial statements included herein for further discussion of our 2025 Notes, which bear interest at a fixed rate.
−Removed: At September 30, 2023, 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.
−Removed: The TLB Term Loan provided for a single-advance term loan in the principal amount of $375.0 million and was scheduled to mature on December 7, 2026.
−Removed: Each term loan borrowing which was an alternate base rate borrowing bears interest at a variable rate per annum equal to the Alternate Base Rate (as defined in the TLB Term Loan Credit Agreement) subject to a 1.75% floor, plus 6.00%.
−Removed: Each term loan borrowing which was a term benchmark borrowing bears interest at a variable rate per annum equal to (i) the Adjusted Term SOFR rate (as defined in the TLB Term Loan Credit Agreement) subject to a 0.75% floor plus (ii) 7.00%.
−Removed: We repaid the outstanding principal for TLB Term Loan on March 31, 2023, therefore there were no outstanding borrowings under the TLB Term Loan as of September 30, 2023.
+Added: At March 31, 2024, all $402.5 million of principal remains outstanding on the 2025 Notes and $8.6 million of principal remained outstanding on the Flexion 2024 Notes, which was subsequently repaid at maturity on May 1, 2024.
The TLA Term Loan provides for a single-advance term loan in the principal amount of $150.0 million and is scheduled to mature on March 31, 2028.
Each term loan borrowing that is a term benchmark borrowing or daily simple SOFR borrowing bears interest at a rate per annum equal to (i) the Adjusted Term SOFR Rate or Adjusted Daily Simple SOFR (as each is defined in the TLA Credit Agreement), plus (ii) a spread based on our Senior Secured Net Leverage Ratio ranging from 3.00% to 3.75%.
−Removed: As of September 30, 2023, borrowings under the TLA Term Loan consisted entirely of term benchmark borrowings at a rate of 8.47%.
−Removed: A hypothetical 100 basis point increase in interest rates would have increased interest expense by approximately $0.3 million and $0.7 million for the three and nine months ended September 30, 2023, respectively.
−Removed: As a result of the Flexion Acquisition and as discussed in more detail in Note 8, 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.
+Added: At March 31, 2024, the outstanding principal on the TLA Term Loan was $113.8 million.
+Added: As of March 31, 2024, borrowings under the TLA Term Loan consisted entirely of term benchmark borrowings at a rate of 8.41%.
+Added: A hypothetical 100 basis point increase in interest rates would increase interest expense over the next 12 months by approximately $1.1 million, based on the balance outstanding for these borrowings as of March 31, 2024.
We have agreements with certain vendors and partners that operate in foreign jurisdictions.
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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.
−Removed: Pacira BioSciences, Inc.
−Removed: | Q3 2023 Form 10-Q | Page 47
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.