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, 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, 2021, the Company’s Senior Secured Credit Facilities had a gross outstanding balance of $1.6 billion, consisting of a $583.8 million Term Loan A Facility and a $979.9 million Term Loan B-1 Facility, and a Revolving Credit Facility.
As of December 31, 2021, we have $674.0 million of available borrowing capacity under our Revolving Credit Facility.
−Removed: 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.
−Removed: 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, 2021 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.
4 unchanged sentences
Average interest rate 4.125 %
+Added: Fixed rate $ — $ — $ — $ — $ — $ 330.5 $ 330.5 $ 780.0
+Added: Average interest rate 2.750 %
Variable rate $ 82.1 $ 524.3 $ 11.3 $ 946.0 $ — $ — $ 1,563.7 $ 1,559.6
2 unchanged sentences
(1) Estimated rate, reflective of forward LIBOR December 31, 2021 plus the spread over LIBOR applicable to variable-rate borrowing.
+Added: Foreign Currency Exchange Rate Risk
+Added: We are exposed to currency translation risk because the results of our international entities are reported in local currency, which we then translate to U.S.
+Added: dollars for inclusion in our Consolidated Financial Statements.
+Added: As a result, changes between the foreign exchange rates, in particular the Canadian dollar compared to the U.S.
+Added: dollar, affect the amounts we record for our foreign assets, liabilities, revenues and expenses, and could have a negative effect on our financial results.
+Added: The results of theScore are reported in Canadian dollars, which we then translate to U.S.
+Added: dollars for inclusion in our Consolidated Financial Statements.
+Added: We do not currently enter into hedging arrangements to minimize the impact of foreign currency fluctuations on our operations.
+Added: For the year ended December 31, 2021, we incurred an unrealized foreign currency translation adjustment loss of $54.4 million.
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.