10 unchanged sentences
The portions of our outstanding balances under the Credit Facility, Term Facility and the Receivables Facility that were not covered by our interest rate swap contracts were subject to variable interest rates.
−Removed: To calculate the potential impact in 2022 related to interest rate risk, we performed a sensitivity analysis assuming that we borrowed the monthly maximum available amount under the Credit Facility and the maximum amount available under the Receivables Facility.
−Removed: Our Term Facility, entered into on December 30, 2019, was fully drawn as of that date.
+Added: To calculate the potential impact in 2023 related to interest rate risk, we performed a sensitivity analysis assuming that we borrowed the monthly maximum available amount under the Credit Facility, the maximum amount available under the Receivables Facility and the amount outstanding under our Term Facility.
In this analysis, we assumed that the variable interest rates for the Credit Facility and the Receivables Facility increased by 1.0%.
Based on this calculation, our pretax income would have decreased by approximately $13.8 million and earnings per share would have decreased by approximately $0.26 per diluted share (based on the number of weighted average diluted shares outstanding for the year ended December 31, 2023).
−Removed: The maximum amount
−Removed: available under the Credit Facility is $1.25 billion and the maximum amount available under the Receivables Facility is $350.0 million.
+Added: The maximum amount available under the Credit Facility is $1.25 billion and the maximum amount available under the Receivables Facility is $350.0 million.
Failure of our swap counterparties would result in the loss of any potential benefit to us under our swap agreements.
12 unchanged sentences
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.