QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
−Removed: We are exposed to market risk from adverse changes in interest rates with respect to the short-term floating interests rate on borrowings under our Amended Credit Facilities.
−Removed: As of June 30, 2022, the Company’s Amended Credit Facilities had a gross outstanding balance of $1.6 billion, consisting of a $550.0 million Amended Term Loan A Facility, a $1.0 billion Amended Term Loan B Facility.
−Removed: As of June 30, 2022, we have $974.6 million of available borrowing capacity under our Amended Revolving Credit Facility.
−Removed: The table below provides information as of June 30, 2022 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.
+Added: We are exposed to market risk from adverse changes in interest rates with respect to the short-term floating interest rates on borrowings under our Amended Credit Facilities.
+Added: As of September 30, 2022, the Company’s Amended Credit Facilities had a gross outstanding balance of $1.5 billion, consisting of a $543.1 million Amended Term Loan A Facility and a $997.5 million Amended Term Loan B Facility.
+Added: As of September 30, 2022, we have $977.3 million of available borrowing capacity under our Amended Revolving Credit Facility.
+Added: The table below provides information as of September 30, 2022 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.
(dollars in millions) 10/01/22 - 9/30/23 10/01/23 - 9/30/24 10/01/24 - 9/30/25 10/01/25 - 9/30/26 10/01/26 - 9/30/27 Thereafter Total Fair Value
8 unchanged sentences
5.51 % 5.46 % 5.41 % 5.37 % 5.06 % 6.16 %
−Removed: (1) Estimated rate, reflective of forward SOFR as of June 30, 2022 plus the spread over SOFR applicable to variable-rate borrowing.
+Added: (1) Estimated rate, reflective of forward SOFR as of September 30, 2022 plus the spread over SOFR applicable to variable-rate borrowing.
Foreign Currency Exchange Rate Risk
6 unchanged sentences
We do not currently enter into hedging arrangements to minimize the impact of foreign currency fluctuations on our operations.
−Removed: For the three and six months ended June 30, 2022, we incurred an unrealized foreign currency translation adjustment loss of $62.7 million and $26.9 million, respectively.
+Added: For the three and nine months ended September 30, 2022, we incurred an unrealized foreign currency translation adjustment loss of $119.8 million and $146.7 million, respectively.
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.