2 unchanged sentences
We are exposed to market risk through interest rates related to our floor plan financing agreements, the WF Credit Agreement, the PLC Agreement and discount rates related to finance sales.
−Removed: The majority of floor plan debt is based on LIBOR.
−Removed: As of September 30, 2021, we had floor plan borrowings of approximately $354.3 million.
−Removed: Assuming an increase or decrease in LIBOR of 100 basis points, annual interest expense could correspondingly increase or decrease by approximately $3.5 million.
+Added: Our floor plan debt is based on LIBOR, the WF Credit Agreement is based on SOFR and the PLC Agreement is based on the prime rate.
+Added: As of March 31, 2022, we had floor plan borrowings and borrowings from WF and PLC in the amount of $1,040.6 million.
+Added: Assuming an increase or decrease in LIBOR, SOFR or the prime rate of 100 basis points, annual interest expense could correspondingly increase or decrease by approximately $10.4 million.
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.