5 unchanged sentences
We do not enter into such derivative instruments for speculative or trading purposes.
−Removed: At March 31, 2024, we had a total of $439.4 million of variable rate debt outstanding.
−Removed: Holding other factors constant and absent the interest rate swap agreements described above, a hypothetical 1% change in our borrowing rates would result in a $4.4 million change in our annual interest expense based on our variable rate debt outstanding at March 31, 2024.
−Removed: The following table presents the future principal payment obligations, interest payments, and fair values associated with the Company’s debt instruments assuming the Company’s actual level of variable rate debt as of March 31, 2024 (unaudited, in thousands):
+Added: At June 30, 2024, we had a total of $479.4 million of variable rate debt outstanding.
+Added: Holding other factors constant and absent the interest rate swap agreements described above, a hypothetical 1% change in our borrowing rates would result in a $4.8 million change in our annual interest expense based on our variable rate debt outstanding at June 30, 2024.
+Added: The following table presents the future principal payment obligations, interest payments, and fair values associated with the Company’s debt instruments assuming the Company’s actual level of variable rate debt as of June 30, 2024 (unaudited, in thousands):
For the Fiscal Year Ending September 30, Fair
1 unchanged sentence
Debt obligations
−Removed: Term Loan principal payments $ 7,500 $ 18,750 $ 22,500 $ 227,500 $ — $ 276,250 $ 276,250
+Added: Term Loans principal payments $ 5,312 $ 26,563 $ 31,875 $ 333,750 $ — $ 397,500 $ 398
Revolving Credit Facility principal payments — — — 81,850 — 81,850 82
1 unchanged sentence
8,305 32,353 30,182 21,187 —
−Removed: (1) Represents projected interest payments using the Company’s March 2024 SOFR-based floating rate of 6.68% per annum.
−Removed: The notional amount of the Company’s outstanding interest rate swap contract at March 31, 2024 was $300.0 million.
−Removed: The maturity date of this swap is June 30, 2027, and the fair value of the outstanding swap contract was $21.0 million as of March 31, 2024.
+Added: (1) Represents projected interest payments using the Company’s June 2024 SOFR-based floating rate of 6.93% per annum.
+Added: The notional amount of the Company’s outstanding interest rate swap contract at June 30, 2024 was $300.0 million.
+Added: The maturity date of this swap is June 30, 2027, and the fair value of the outstanding swap contract was $20.5 million as of June 30, 2024.
See also Note 15 - Investment in Derivative Instruments and Note 16 - Fair Value Measurements to the unaudited consolidated financial statements included elsewhere in this report.
6 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.