4 unchanged sentences
Foreign currency exchange risks are attributable to sales to foreign customers and purchases from foreign suppliers not denominated in a location’s functional currency, foreign plant operations, intercompany indebtedness, intercompany investments and include exposures to the Euro, Canadian dollar, Norwegian krone and Australian dollar.
−Removed: We have elected to use the U.S.
−Removed: dollar for our Luxembourg entities.
Transactions that are paid in a foreign currency are remeasured into U.S.
5 unchanged sentences
We are subject to market risk exposure related to changes in interest rates on borrowings under the Revolving Credit Facility.
−Removed: Interest on borrowings under the Revolving Credit Facility is based on adjusted SOFR plus or base rate plus an applicable margin.
−Removed: At September 30, 2024, we had no borrowings outstanding under the Revolving Credit Facility.
+Added: Interest on borrowings under the Revolving Credit Facility is based on Term SOFR plus or base rate plus an applicable margin.
+Added: At March 31, 2025, we had no borrowings outstanding under the Revolving Credit Facility.
+Added: In addition, on November 9, 2021, the Company issued 10 million shares of 6.50% Preferred Stock, valued at $100.0 million.
+Added: The holders of Preferred Stock are entitled to a preferred annual cumulative right to a dividend equal to 6.50%.
+Added: The shares of Preferred Stock are mandatorily redeemable on occurrence of certain events as defined in the Business Combination Agreement, but no later than April 30, 2030.
+Added: If we fail to timely redeem the shares of Preferred Stock, the dividend on the shares of Preferred Stock will permanently increase to the interest rate currently being paid (whether default or not) under the Revolving Credit Facility plus 10.00%.
Commodity Price Risk
1 unchanged sentence
Generally, we attempt to maintain an inventory position that is substantially balanced between our purchases and sales, including our future delivery obligations.
−Removed: However, market, weather or other conditions beyond our control may disrupt our expected supply of product,
−Removed: and we may be required to obtain supply at increased prices that cannot be passed through to our customers.
+Added: However, market, weather or other conditions beyond our control may disrupt our expected supply of product, and we may be required to obtain supply at increased prices that cannot be passed through to our customers.
For example, some of our material supply contracts follow market prices, which may fluctuate through the year, while our product sales prices may be fixed on a quarterly or annual basis, and therefore, fluctuations in our material supply may not be passed through to our customers and can produce an adverse effect on our margins.
6 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.