12 unchanged sentences
Therefore, increases in interest rates may reduce our net income or loss by increasing the cost of debt.
−Removed: As of December 31, 2020, and December 31, 2019, we had term loan borrowings of $256.7 million and $208.9 million, respectively, and revolver borrowings of $0.0 million and $10.0 million, respectively, outstanding under the respective credit agreements.
−Removed: The borrowings accrue interest at either base rate, described above under “Liquidity and Capital Resources — Indebtedness ,” plus a margin of 1.50% to 2.50% or at an adjusted LIBOR rate plus a margin of 2.50% to 3.50% under the Successor Credit Agreement or a base rate plus a margin of 2.00% to 3.00% or at an adjusted LIBOR rate plus a margin of 3.00% to 4.00%, under the Predecessor Credit Agreement, in each case depending on the total net leverage ratio, as defined in the respective agreements governing the Successor Credit Agreement and Predecessor Credit Agreement.
+Added: As of December 31, 2021, we had convertible senior debt of $429.3 million, net of deferred issuance costs, and revolver borrowings of $19.2 million, net of deferred issuance costs, outstanding under the respective credit agreements.
+Added: As of December 31, 2020, we had term loan borrowings of $256.7 million, and revolver borrowings of $0.0 million outstanding under the respective credit agreements.
+Added: The borrowings accrue interest at either base rate, described above under “Liquidity and Capital Resources — Indebtedness,” plus a margin of 1.50% to 2.50% or at an adjusted LIBOR rate plus a margin of 2.50% to 3.50% under the Amended Credit Agreement, in each case depending on the total net leverage ratio, as defined in the respective agreements governing the Amended Credit Agreement.
In October 2019, we entered into a $140.0 million notional interest rate swap agreement, and in February 2020, we entered into a $30.0 million notional interest rate swap agreement, then a revised notional amount of $65.0 million beginning on September 30, 2020.
These interest rate swap agreements reduce a portion of our exposure to market interest rate risk on certain of our variable-rate debt as discussed in Item II, Part 8, Note 11, “Derivatives." These interest rate swaps effectively converted $205.0 million of the outstanding term loan into to fixed rate payments for 57 months and 60 months, respectively.
−Removed: A 1.0% increase or decrease in the interest rate applicable to such borrowings under the Successor Credit Agreement would have increased or decreased cash interest expense on our indebtedness by approximately $1.0 million per annum and $1.0 million per annum, for the year ended December 31, 2020, respectively.
+Added: A 1.0% increase or decrease in the interest rate applicable to such borrowings under the Successor Credit Agreement would have increased or decreased cash interest expense on our indebtedness by approximately $1.0 million per annum and $1.0
+Added: million per annum, for the year ended December 31, 20 20 , respectively.
+Added: B oth interest rate swaps were settled in January 2021 .
We may incur additional borrowings from time to time for general corporate purposes, including working capital and capital expenditures.
1 unchanged sentence
Financial Conduct Authority announced its intention to phase out LIBOR rates by the end of 2021.
+Added: The deadline has been mostly extended and most U.S.
+Added: dollar-denominated LIBOR maturity tenors will continue to be published until June 30, 2023.
It is not possible to predict the effect of any changes in the methods by which the LIBOR is determined, or any other reforms to LIBOR that may be enacted in the United Kingdom or elsewhere.
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.