4 unchanged sentences
Interest Rate Risk
−Removed: Our primary interest rate risk exposure is to changing interest rates on our long-term debt.
+Added: Our primary interest rate risk exposure is changing interest rates on our long-term debt.
We had total outstanding debt of $92.4 million under our variable interest Senior Secured Term Loan as of March 31, 2021.
1 unchanged sentence
Interest on the Senior Secured Term Loan is payable quarterly beginning in the fiscal quarter ended March 31, 2021 under the terms of our amended Senior Secured Term Loan.
−Removed: As of March 31, 2020 , we have $2.6 million in borrowings on our Amended PNC Credit Facility.
−Removed: Based on the amounts outstanding, a 100-basis point increase or decrease in market interest rates as of March 31, 2020 would not result in a change to our annual interest expense.
+Added: As of March 31, 2021, we did not have any borrowings on our Amended PNC Credit Facility.
+Added: Based on the amount outstanding, a 100-basis point increase or decrease in market interest rates as of March 31, 2021 would not result in a change to our annual interest expense.
Our other long-term debt related to lease obligations have fixed interest rates and terms, and as such, we consider the associated risk to our results of operations from changes in market rates of interest applied to our lease obligations to be minimal.
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.