3 unchanged sentences
Interest Rate Risk
−Removed: As described in our 2024 Form 10-K and in Note 9— Credit Facilities of the condensed consolidated financial statements herein, we are subject to interest rate risk in connection with borrowings under the ABL Credit Agreement and the Term Loan Credit Agreement, as amended, since such borrowings bear interest at variable rates.
+Added: As described in our 2024 Form 10-K and in Note 9— Credit Facilities and Convertible Senior Notes of the condensed consolidated financial statements herein, we are subject to interest rate risk in connection with borrowings under the ABL Credit Agreement and the Term Loan Credit Agreement, as amended, since such borrowings bear interest at variable rates.
We may also incur additional indebtedness that bears interest at variable rates.
1 unchanged sentence
We are also subject to interest rate risk through interest income received on our cash and cash equivalent balances.
−Removed: Based on the average interest rate on the revolving line of credit under the ABL Credit Agreement and the Term Loan B and Term Loan B-2 under the Term Loan Credit Agreement during the six months ended August 2, 2025, and to the extent that borrowings were outstanding under any facility, for every 100-basis point change in interest rates, our annual interest expense could change by approximately $25 million.
−Removed: However, our exposure to change in our interest expense is partially offset by interest income, which is also affected by changes in market interest rates.
+Added: There have been no material changes in our market risk exposures or how those exposures are managed from the information disclosed in our 2024 Form 10-K.
+Added: FINANCIAL INFORMATION
+Added: 2025 THIRD QUARTER FORM 10-Q | 51
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.