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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2025-03-06 compared with 2024-03-12 · 2 added, 1 removed, 5 unchanged (38% of the section changed)
3 unchanged sentences
As of December 31, 2024, we had $945.5 million in outstanding borrowings under our Credit Agreement.
−Removed: Ignoring the 1.00% SOFR floor, a hypothetical 1.00% increase or decrease in the applicable SOFR rate on our outstanding indebtedness under the Credit Agreement would increase or decrease cash interest expense on our indebtedness by approximately $6.7 million per year.
+Added: Ignoring the 0.50% SOFR floor, a hypothetical 1.00% increase or decrease in the
+Added: applicable SOFR rate on our outstanding indebtedness under the Credit Agreement would increase or decrease cash interest expense by approximately $9.5 million per year.
We do not currently hedge against interest rate risk.
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.