1 unchanged sentence
Interest Rate Risk
−Removed: Our major market risk exposure of our financial instruments is changing interest rates in the United States and fluctuations in LIBOR or, following the termination of LIBOR, SOFR.
+Added: Our major market risk exposure of our financial instruments is changing interest rates in the United States and fluctuations in SOFR.
We intend to manage interest rate risk through the use of a combination of fixed and floating rate debt.
11 unchanged sentences
The fixed and variable rate debt amounts above exclude the remaining non-cash discounts, premiums and adjustments to fair value totaling $129.7 million.
−Removed: As of December 31, 2022, we had $3,349.1 million of floating rate debt including floating interest rate swap contracts.
+Added: As of December 31, 2023, we had $2,232.2 million of principal floating rate debt and interest rate swap contracts with a notional value of $350.0 million.
If interest rates increased or decreased by 100 basis points on our variable rate debt, annualized interest expense and net cash payments for interest would increase or decrease by approximately $20 million.
18 unchanged sentences
As of December 31, 2023, we had no recycling commodity hedges in place.
−Removed: At current volumes and mix of materials, we believe a $10 change in the price of recycled commodities would change both annual revenue and operating income by approximately $10 million.
+Added: At current volumes and mix of materials, we believe a $10 per ton change in the price of recycled commodities would change both annual revenue and operating income by approximately $10 million.
Revenue from recycling processing and commodity sales during the years ended December 31, 2023 and 2022 was $312.3 million and $359.1 million, respectively.
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.