7 unchanged sentences
Interest Rates
−Removed: Our ABL Credit Facility bears interest at a floating rate equal to the prime rate or LIBOR, plus a calculated spread based on our average excess availability under the facility.
−Removed: As of January 28, 2023, we had $287.0 million in borrowings outstanding under our ABL Credit Facility.
−Removed: A 10% change in the prime rate or LIBOR interest rates would not have had a material impact on our interest expense.
−Removed: Our Term Loan bears interest, payable monthly, at (a) the LIBOR Rate plus 2.50% for any portion that is a LIBOR loan, or (b) the base rate plus 1.75% for any portion that is a base rate loan.
−Removed: As of January 28, 2023, the outstanding balance of the Term Loan was $50.0 million.
−Removed: A 10% change in the three month LIBOR Rate would not have had a material impact on our interest expense.
+Added: Our ABL Credit Facility bore interest at a floating rate equal to the prime rate or SOFR, plus a calculated spread based on our average daily excess availability under the facility.
+Added: As of February 3, 2024, we had $226.7 million in borrowings under our ABL Credit Facility.
+Added: A 10% change in the prime rate or SOFR would not have had a material impact on our interest expense.
+Added: Our Term Loan bore interest, payable monthly, at (a) the SOFR per annum plus 2.750% for any portion that was a SOFR loan, or (b) the base rate per annum plus 2.000% for any portion that was a base rate loan.
+Added: As of February 3, 2024, the outstanding balance of the Term Loan was $50.0 million.
+Added: A 10% change in the SOFR would not have had a material impact on our interest expense.
+Added: As of the effective date of the Seventh Amendment, our Term Loan has been fully repaid.
+Added: See “Recent Developments” above for further information.
+Added: During the first quarter of Fiscal 2024, we entered into the New Mithaq Term Loan, which requires monthly payments equivalent to interest charged at the SOFR per annum plus 4.000% per annum, with such monthly payments to Mithaq deferred until April 30, 2025.
+Added: We also entered into a commitment letter for the Mithaq Credit Facility.
+Added: If any debt is incurred under the Mithaq Credit Facility, it shall require monthly payments equivalent to interest charged at the SOFR plus 5.000% per annum.
+Added: See “Recent Developments” above for further information.
Assets and Liabilities of Foreign Subsidiaries
Assets and liabilities outside the United States are primarily located in Canada and Hong Kong, where our investments in our subsidiaries are considered long-term.
−Removed: As of January 28, 2023, net assets in Canada and Hong Kong amounted to $23.3 million.
+Added: As of February 3, 2024, net assets in Canada and Hong Kong amounted to $5.5 million.
A 10% increase or decrease in the Canadian and Hong Kong foreign currency exchange rates would increase or decrease the corresponding net investment by $0.6 million.
All changes in the net investments in our foreign subsidiaries are recorded in other comprehensive income (loss).
−Removed: As of January 28, 2023, we had $9.0 million of our cash and cash equivalents held in foreign subsidiaries, of which $3.1 million was in Canada, $2.1 million was in India, $1.9 million was in China, and $1.7 million was in Hong Kong.
+Added: As of February 3, 2024, we had $3.9 million of our cash and cash equivalents held in foreign subsidiaries, of which $1.5 million was in India, $1.3 million was in China, $0.5 million was in Canada, $0.4 million was in Hong Kong, and $0.2 million was held in other foreign countries.
Foreign Operations
3 unchanged sentences
Additionally, we have foreign currency denominated receivables and payables that, when settled, result in transaction gains or losses.
−Removed: A 10% change in foreign currency exchange rates would not result in a significant transaction gain/loss in earnings.
−Removed: We import a vast majority of our merchandise from foreign countries, primarily Bangladesh, Ethiopia, Cambodia, Vietnam, India, Indonesia and China.
+Added: A 10% change in foreign currency exchange rates would not result in a significant transaction gain or loss in earnings.
+Added: We import a vast majority of our merchandise from foreign countries, primarily Vietnam, Bangladesh, Ethiopia, Cambodia, Kenya, India, and China.
Consequently, any significant or sudden change in the political, foreign trade, financial, banking, or currency policies and practices, or the occurrence of significant labor unrest in these countries, could have a material adverse impact on our business, financial position, results of operations, and cash flows.
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.