6 unchanged sentences
At the present time, we do not have any foreign currency exchange contracts to mitigate this risk.
−Removed: At June 30, 2020 , a hypothetical 1% decline in the currency exchange rates between the U.S.
+Added: At September 30, 2020, a hypothetical 1% decline in the currency exchange rates between the U.S.
dollar against the Canadian dollar and the Hungarian Forint would have resulted in an annual increase of approximately $27,500 in operating expenses.
6 unchanged sentences
However due to our purchase of caps, described below, the effects of interest rate changes are limited.
−Removed: Interest Rate Sensitivity Barclays First Lien Term Loans
−Removed: At June 30, 2020 , we had $630.4 million outstanding subject to an adjusted Eurodollar election on First Lien Term Loans.
+Added: At September 30, 2020, we had $620.7 million outstanding subject to an adjusted Eurodollar election on First Lien Term Loans.
We can elect Eurodollar or Base Rate (Prime) interest rate options on amounts outstanding under the First Lien Term Loans.
2 unchanged sentences
Under these arrangements, we purchased a cap on 3 month LIBOR at 2.0%.
−Removed: At June 30, 2020 , our effective 6 month LIBOR was 1.00% .
−Removed: The 2016 Caps have a notional amount of $150,000,000 and $350,000,000 and will mature in September and October 2020.
−Removed: We are liable for a $5.3 million premium to enter into the 2016 Caps which is being accrued over the life of the instrument.
−Removed: See Note 2, Significant Accounting Policies, for further information.
+Added: At September 30, 2020, our effective 6 month LIBOR was 1.00%.
A hypothetical 1% increase in the adjusted Eurodollar rates under the First Lien Credit Agreement over the current Eurodollar rate would result in an increase of $6.2 million in annual interest expense and a corresponding decrease in income before taxes.
−Removed: Interest Rate Sensitivity SunTrust Term Loan
−Removed: At June 30, 2020 , we had $54.8 million outstanding subject to an adjusted Eurodollar election on the SunTrust Restated Credit Agreement.
+Added: See Note 2, Significant Accounting Policies, for further information.
+Added: At September 30, 2020, we had $52.5 million outstanding subject to an adjusted Eurodollar election on the SunTrust Restated Credit Agreement.
We can elect Eurodollar or Base Rate (Prime) interest rate options on amounts outstanding under the SunTrust Restated Credit Agreement.
−Removed: At June 30, 2020 , our effective LIBOR rate plus applicable margin was 3.45% .
+Added: At September 30, 2020, our effective LIBOR rate plus applicable margin was 2.31%.
A hypothetical 1% increase in the adjusted Eurodollar rates under the SunTrust Restated Credit Agreement would result in an increase of approximately $0.5 million in annual interest expense and a corresponding decrease in income before taxes.
−Removed: No amounts are tied to the prime rate under the SunTrust Restated Agreement.
+Added: In the second quarter of 2019, we entered into four forward interest rate agreements ("2019 Swaps").
+Added: The 2019 Swaps have total notional amounts of $500,000,000, consisting of two agreements of $50,000,000 each and two agreements of $200,000,000 each.
+Added: The 2019 Swaps will secure a constant interest rate associated with portions of our variable rate bank debt and have an effective date of October 13, 2020.
+Added: They will mature in October 2023 for the smaller notional and October 2025 for the larger notional.
+Added: Under these arrangements, we arranged the 2019 Swaps with locked in 1 month LIBOR rates at 1.96% for the $100,000,000 notional and at 2.05% for the $400,000,000 notional.
+Added: As of the effective date, we will be liable for premium payments if interest rates decline below arranged rates, but will receive interest payments if rates remain above the arranged rates.
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.