4 unchanged sentences
We do not have any foreign currency exchange contracts to mitigate this risk.
−Removed: At June 30, 2025, a hypothetical 1% decline in the currency exchange rates between the U.S.
+Added: At September 30, 2025, a hypothetical 1% decline in the currency exchange rates between the U.S.
dollar against these currencies, would have resulted in an annual increase of approximately $0.4 million in operating expenses.
7 unchanged sentences
We can elect SOFR or Alternative Base Rate interest options on amounts outstanding under the Barclays Term Loan.
−Removed: At June 30, 2025, we had $966.0 million outstanding subject to an SOFR election on the Barclays Term Loan.
−Removed: At June 30, 2025, our effective SOFR interest rate plus applicable margin was 6.58%.
−Removed: The 2019 Swaps secure a $1.98% SOFR rate for a $400 million notional amount.
−Removed: After giving effect to our 2019 Swaps, we had $566.0 million outstanding under the Barclays Term Loan that is unprotected by the 2019 Swaps at June 30, 2025.
+Added: At September 30, 2025, we had $963.6 million outstanding subject to an SOFR election on the Barclays Term Loan.
+Added: At September 30, 2025, our effective SOFR interest rate plus applicable margin was 6.45%.
+Added: The 2019 Swaps secure a $1.98%
+Added: SOFR rate for a $400 million notional amount.
+Added: After giving effect to our 2019 Swaps, we had $563.6 million outstanding under the Barclays Term Loan that is unprotected by the 2019 Swaps at September 30, 2025.
Consequently, a hypothetical 1% increase in the SOFR rates under the Barclay's credit facility would result in an increase of $5.6 million in annual interest expense and a corresponding decrease in income before taxes.
1 unchanged sentence
We can elect SOFR or Base Rate interest rate options on amounts outstanding under the Truist Revolving Credit Facility.
−Removed: At June 30, 2025, we had $129.4 million outstanding subject to an adjusted SOFR election on the Truist Term Loan (as defined in the notes to our condensed consolidated financial statements).
−Removed: At June 30, 2025, our effective SOFR rate plus applicable margin was 5.90%.
+Added: At September 30, 2025, we had $126.6 million outstanding subject to an adjusted SOFR election on the Truist Term Loan (as defined in the notes to our condensed consolidated financial statements).
+Added: At September 30, 2025, our effective SOFR rate plus applicable margin was 5.60%.
A hypothetical 1% increase in the adjusted Eurodollar rates under the Truist Revolving Credit Facility would result in an increase of approximately $1.3 million in annual interest expense and a corresponding decrease in income before taxes.
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.