3 unchanged sentences
Our primary market risk results from our indebtedness, which bears interest at both fixed and variable rates.
−Removed: As of June 30 , 2021, our indebtedness was approximately $115.7 million, consisting of approximately $82.5 million of variable-rate debt and approximately $33.2 million of fixed rate debt.
−Removed: Assuming no increase in the amount of our outstanding variable-rate indebtedness, if the one-month LIBOR were to increase or decrease by 0.50%, our cash flows would decrease or increase by approximately $0.4 million on an annualized basis.
−Removed: Subject to maintaining our status as a REIT for federal income tax purposes, we manage our market risk on variable rate debt through the use of interest rate swaps that fix the rate on all or a portion of our variable rate debt for varying periods up to maturity.
−Removed: On August 9, 2021, in connection with entering into the 2021 Credit Facilities (see “Item 2.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Analysis of Liquidity and Capital Resources”), we entered into an interest rate swap that effectively fixed the LIBOR component of the interest rate on $50.0 million portion of the 2021 Credit Facilities through January 2027.
+Added: As of September 30, 2021 , our indebtedness was approximately $127.7 million , consisting of approximately $94.5 million of variable-rate debt and approximately $33.2 million of fixed-rate debt.
+Added: Of the $94.5 million variable-rate debt, $50.0 million relates to the 2021 Term Loan against which we have applied the Interest Rate Swap.
+Added: When factoring in the 2021 Term Loan as fixed-rate debt through the Interest Rate Swap, as of September 30, 2021, approximately $44.5 million of our indebtedness was variable-rate debt and approximately $83.2 million was fixed-rate debt.
+Added: Assuming no increase in the amount of our outstanding variable-rate indebtedness, if the one-month U.S.
+Added: Dollar LIBOR were to increase or decrease by 0.50%, our cash flows would decrease or increase by approximately $0.2 million on an annualized basis.
+Added: Subject to maintaining our status as a REIT for federal income tax purposes, we manage our market risk on variable rate debt through the use of interest rate swaps that fix the rate on all or a portion of our variable rate debt for varying periods up to maturity, such as the Interest Rate Swap.
In the future, we may use other derivative instruments such as interest cap agreements to, in effect, cap the interest rate on all or a portion of the debt for varying periods up to maturity.
4 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.