1 unchanged sentence
We are exposed to certain market risks in the ordinary course of our business.
−Removed: Our primary exposure includes changes in interest rates because certain borrowings bear interest at floating rates based on LIBOR plus a specified margin.
+Added: Our primary exposure includes changes in interest rates because certain borrowings bear interest at floating rates based on LIBOR or SOFR, as applicable, plus a specified margin.
We sometimes manage our interest rate exposure on floating-rate debt by entering into derivative instruments to hedge all or a portion of our interest rate exposure in certain debt facilities.
2 unchanged sentences
A hypothetical 10% increase in our interest rates on our variable rate debt facilities would have increased our interest expense by $3.2 million and $4.1 million for the year ended December 31, 2021 and 2020, respectively.
−Removed: Following our acquisition of Vivint Solar on October 8, 2020, we expect the impact of interest rate changes on our variable debt facilities to be greater going forward.
−Removed: For example, a hypothetical 10% increase in interest rates on our variable rate debt facilities would have increased our interest expense by $1.0 million for the three months ended December 31, 2020.
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.