1 unchanged sentence
We are exposed to market risk from adverse changes in interest rates with respect to the short-term floating interest rate on borrowings under our Senior Secured Credit Facilities.
−Removed: As of December 31, 2019 , the Company’s Senior Secured Credit Facilities had a gross outstanding balance of $1,929.8 million , consisting of a $672.3 million Term Loan A Facility, a $1,117.5 million Term Loan B-1 Facility, and a Revolving Credit Facility, which had $140.0 million drawn as of December 31, 2019 .
+Added: As of December 31, 2020, the Company’s Senior Secured Credit Facilities had a gross outstanding balance of $1,628.1 million, consisting of a $636.9 million Term Loan A Facility and a $991.2 million Term Loan B-1 Facility.
+Added: As of December 31, 2020, we have $671.8 million of available borrowing capacity under our Revolving Credit Facility.
+Added: In May 2020, the Company completed a public offering of $330.5 million aggregate principal amount of 2.75% Convertible Notes that mature on May 15, 2026, unless earlier converted, redeemed or repurchased.
+Added: Interest on the Convertible Notes is payable on May 15 th and November 15 th of each year, which began on November 15, 2020.
The table below provides information as of December 31, 2020 about our long-term debt obligations that are sensitive to changes in interest rates, including the notional amounts maturing during the twelve-month period presented and the related weighted-average interest rates by maturity dates.
−Removed: (dollars in millions)
+Added: (dollars in millions) 2021 2022 2023 2024 2025 Thereafter Total Fair Value
+Added: Fixed rate $ — $ — $ — $ — $ — $ 400.0 $ 400.0 $ 418.0
Average interest rate 5.625 %
+Added: Fixed rate $ — $ — $ — $ — $ — $ 330.5 $ 330.5 $ 1,274.5
+Added: Average interest rate 2.750 %
Variable rate $ 64.4 $ 82.1 $ 524.4 $ 11.3 $ 945.9 $ — $ 1,628.1 $ 1,609.3
Average interest rate (1)
+Added: 3.62 % 3.65 % 3.73 % 3.13 % 3.27 % — %
(1) Estimated rate, reflective of forward LIBOR December 31, 2020 plus the spread over LIBOR applicable to variable-rate borrowing.
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.