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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2025-02-05 compared with 2024-02-07 · 2 added, 2 removed, 22 unchanged (15% of the section changed)
9 unchanged sentences
The aggregate notional amount of our interest rate swaps still in effect as of December 31, 2024 was $1,150 million, and the SOFR is fixed at an annual rate of 0.40% to 3.40% (for an annual effective interest rate of 2.15% to 5.15%, including margin).
−Removed: These interest rate swaps hedge a portion of the interest rate exposure resulting from our Term Loan Facility for periods ranging from two to three years.
+Added: These interest rate swaps hedge a portion of the interest rate exposure resulting from our Term Loan Facility for periods ranging from one to two years.
We classify these instruments as cash flow hedges.
2 unchanged sentences
Refer to Note 8 – Financial Instruments for further detail.
−Removed: (in millions) Pay fixed / receive variable notional Average pay rate (1)
+Added: Maturity date Pay fixed / receive variable notional (in millions) Average pay rate (1)
2025 $ 150 2.2 %
7 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.