−Removed: AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES
+Added: ABOUT MARKET RISK
Interest Rate Risk
5 unchanged sentences
and international economic factors and other factors beyond our control.
−Removed: we received from the Amended and Restated Credit Agreement entered into in January 2024 bears interest at a variable rate which exposes
−Removed: us to market risks relating to changes in interest rates.
−Removed: As of June 30, 2024, we had $65.4 million of variable rate debt outstanding
−Removed: under our new loan under the Amended and Restated Credit Agreement.
−Removed: Based on this debt level, an increase of 100 basis points in the
−Removed: effective interest rate on the outstanding debt amount would result in an increase in interest expense of approximately $0.7 million
−Removed: over the next 12 months.
−Removed: We do not use derivative
−Removed: financial instruments for speculative or trading purposes, but this does not preclude our adoption of specific hedging strategies in
+Added: The proceeds we
+Added: received from the Related Party Loan entered into in January 2024 bears interest at a variable rate which exposes us to market risks relating
+Added: to changes in interest rates.
+Added: As of September 30, 2024, we had $68.0 million of variable rate debt associated with the Related Party Loan.
+Added: Based on this debt level, an increase of 100 basis points in the effective interest rate on the outstanding debt amount would result in
+Added: an increase in interest expense of approximately $0.7 million over the next 12 months.
+Added: We do not use derivative financial
+Added: instruments for speculative or trading purposes, but this does not preclude our adoption of specific hedging strategies in the future.
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.