6 unchanged sentences
At the present time, we do not have any foreign currency exchange contracts to mitigate this risk.
−Removed: At June 30, 2023, a hypothetical 1% decline in the currency exchange rates between the U.S.
+Added: At September 30, 2023, 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 $0.3 million in operating expenses.
7 unchanged sentences
We can elect SOFR or Alternative Base Rate interest options on amounts outstanding under the First Lien Term Loans.
−Removed: At June 30, 2023, we had $710.5 million outstanding subject to a SOFR election on First Lien Term Loans and our effective rate plus applicable margin was 8.22%.
−Removed: A hypothetical 1% increase in the SOFR rates under the Restated Credit Agreement would result in an increase of $2.1 million in annual interest expense and a corresponding decrease in income before taxes, as interest rates are above arranged rates on our 2019 Swaps.
−Removed: At June 30, 2023, we had $146.3 million outstanding subject to an adjusted SOFR election on the Truist Restated Credit and Agreement.
+Added: At September 30, 2023, we had $708.7 million outstanding subject to a SOFR election on First Lien Term Loans and our effective rate plus applicable margin was 8.43%.
+Added: A hypothetical 1% increase in the SOFR rates under the Restated Credit Agreement would result in an increase of $2.1 million in annual interest expense and a corresponding decrease in income before taxes, after giving effect to the payments to be received under our 2019 Swaps.
We can elect SOFR or Base Rate interest rate options on amounts outstanding under the Truist Restated Credit and Term Loan Agreement.
−Removed: At June 30, 2023, our effective SOFR rate plus applicable margin was 6.92%.
−Removed: hypothetical 1% increase in the adjusted Eurodollar rates under the Truist Restated Credit Agreement would result in an increase of approximately $1.5 million in annual interest expense and a corresponding decrease in income before taxes.
+Added: At September 30, 2023, we had $144.4 million outstanding subject to an adjusted SOFR election on the Truist Restated Credit and Agreement.
+Added: At September 30, 2023, our effective SOFR rate plus applicable margin was 7.18%.
+Added: A hypothetical 1% increase in the adjusted Eurodollar rates under the Truist Restated Credit Agreement would result in an increase of approximately $1.4 million in annual interest expense and a corresponding decrease in income before taxes.
In the second quarter of 2019, we entered into four forward interest rate agreements ("2019 Swaps").
5 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.