1 unchanged sentence
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.
−Removed: As of March 31, 2024, the Company’s Amended Credit Facilities had a gross outstanding balance of $1.5 billion, consisting of a $501.9 million Amended Term Loan A Facility and a $982.5 million Amended Term Loan B Facility.
−Removed: As of March 31, 2024, we have $979.3 million of available borrowing capacity under our Amended Revolving Credit Facility.
−Removed: The table below provides information as of March 31, 2024 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: As of June 30, 2024, the Company’s Amended Credit Facilities had a gross outstanding balance of $1.5 billion, consisting of a $495.0 million Amended Term Loan A Facility and a $980.0 million Amended Term Loan B Facility.
+Added: As of June 30, 2024, we have $979.1 million of available borrowing capacity under our Amended Revolving Credit Facility.
+Added: The table below provides information as of June 30, 2024 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) 7/1/24 - 6/30/25 7/1/25 - 6/30/26 7/1/26 - 6/30/27 7/1/27 - 6/30/28 7/1/28 - 6/30/29 Thereafter Total Fair Value
8 unchanged sentences
6.194 % 6.205 % 6.119 % 6.525 % 6.540 % — %
−Removed: (1) Estimated rate, reflective of forward SOFR as of March 31, 2024 plus the spread over SOFR applicable to variable-rate borrowing.
+Added: (1) Estimated rate, reflective of forward SOFR as of June 30, 2024 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 months ended March 31, 2024, we incurred an unrealized foreign currency translation adjustment loss of $36.0 million compared to an unrealized foreign currency translation adjustment gain of $8.2 million for the three months ended March 31, 2023, as reported in “Foreign currency translation adjustment during the period” within our unaudited Consolidated Statements of Comprehensive Income (Loss).
+Added: For the three and six months ended June 30, 2024, we incurred unrealized foreign currency translation adjustment losses of $19.5 million and $55.5 million, respectively, and unrealized foreign currency translation adjustment gains of $36.4 million and $44.6 million for the three and six months ended June 30, 2023, respectively, as reported in “Foreign currency translation adjustment during the period” within our unaudited Consolidated Statements of Comprehensive Income (Loss).
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.