3 unchanged sentences
Our international sales and our operations in foreign countries subject us to risks associated with fluctuating currency values and exchange rates.
−Removed: Because a significant portion of our sales are denominated in United States dollars, increases in the value of the United States dollar could increase the price of our products so that they become relatively more expensive to customers in a particular country, possibly leading to a reduction in sales and profitability in that country.
+Added: Because a significant portion of our sales are denominated in U.S.
+Added: dollars, increases in the value of the U.S.
+Added: dollar could increase the price of our products so that they become relatively more expensive to customers in a particular country, possibly leading to a reduction in sales and profitability in that country.
In addition, we have certain costs that are denominated in foreign currencies, and decreases in the value of the U.S.
14 unchanged sentences
Approximately 23%, 30% and 35% of our net sales in 2022, 2021 and 2020, respectively, originated in Brazilian real.
−Removed: We utilize foreign exchange forward contracts to mitigate foreign currency exchange rate risk associated with foreign currency-denominated assets and liabilities in Brazil.
+Added: We utilize foreign exchange forward contracts to mitigate foreign currency exchange rate risk associated with foreign currency-denominated liabilities in Brazil, primarily third party payables.
We do not use foreign currency contracts for speculative or trading purposes.
2 unchanged sentences
Interest Rate Risk
−Removed: We are subject to interest rate risk in connection with our variable-rate debt under the ABL Credit Agreement and the Amended Credit Agreement.
−Removed: As of August 27, 2021, we had a revolving balance outstanding of $25.0 million, however, the ABL Credit Agreement and Amended Credit Agreement provide for borrowings of up to an aggregate of $150 million.
−Removed: Assuming that we would satisfy the financial covenants required to borrow and that the amounts available under the ABL Credit Agreement and Amended Credit Agreement were fully drawn, a 1.0% increase in interest rates would result in an increase in annual interest expense and a decrease in our cash flows of $1.5 million per year.
+Added: We are subject to interest rate risk in connection with our variable-rate debt.
+Added: As of August 26, 2022, we had $273.3 million outstanding under the 2027 TLA and $101.8 million outstanding for the Earnout Note.
+Added: In addition, our Credit Agreement provides for borrowings of up to $250.0 million under the 2027 Revolver.
+Added: Assuming that we would satisfy the financial covenants required to borrow and that the amounts available under the 2027 Revolver were fully drawn, a 1.0% increase in interest rates would result in an increase in annual interest expense and a decrease in our cash flows of $6.3 million per year.
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.