2 unchanged sentences
These instruments arise from transactions entered into in the normal course of business.
−Removed: The following table presents the future principal payment obligations and fair values associated with our long-term debt instruments assuming our actual level of long-term indebtedness as of March 31, 2025:
+Added: The following table presents the future principal payment obligations and fair values associated with our long-term debt instruments assuming our actual level of long-term indebtedness as of June 30, 2025:
(in thousands)
+Added: Revolving Credit Facility
2024 Term Loan
14 unchanged sentences
While we cannot predict our ability to refinance existing debt or the impact interest rate movements will have on our existing debt, we continue to evaluate our financial position on an ongoing basis.
−Removed: We have performed a sensitivity analysis assuming a hypothetical 1% increase in our variable interest rates as of March 31, 2025.
−Removed: As of March 31, 2025, the analysis indicated that such an adverse movement would have caused our interest expense to increase by approximately 1.4% for the three months ended March 31, 2025.
−Removed: We are exposed to market risk from changes in foreign currency exchange rates in connection with our operations in Brazil, Canada, Chile, Peru, Costa Rica, South Africa, Tanzania, and to a lesser extent, our markets in Central America.
+Added: We have performed a sensitivity analysis assuming a hypothetical 1% increase in our variable interest rates as of June 30, 2025.
+Added: As of June 30, 2025, the analysis indicated that such an adverse movement would have caused our interest expense to increase by approximately 1.4% for the six months ended June 30, 2025.
+Added: We are exposed to market risk from changes in foreign currency exchange rates in connection with our operations in Brazil, Canada, Chile, Peru, South Africa, Tanzania, and to a lesser extent, our markets in Central America.
In each of these countries, we pay most of our selling, general, and administrative expenses and a portion of our operating expenses, such as taxes and utilities incurred in the country in local currency.
7 unchanged sentences
The cumulative translation effect is included in equity as a component of Accumulated other comprehensive loss, net.
−Removed: For the three months ended March 31, 2025, approximately 20.5% of our revenues and approximately 29.3% of our total operating expenses were denominated in foreign currencies.
−Removed: We have performed a sensitivity analysis assuming a hypothetical 10% adverse movement in the Brazilian Real from the quoted foreign currency exchange rates at March 31, 2025.
−Removed: As of March 31, 2025, the analysis indicated that such an adverse movement would have caused our revenues and operating income to decline by approximately 1.2% and 0.7%, respectively, for the three months ended March 31, 2025.
−Removed: As of March 31, 2025, we had intercompany debt, which is denominated in a currency other than the functional currency of the subsidiary in which it is recorded.
+Added: For the six months ended June 30, 2025, approximately 20.0% of our revenues and approximately 29.9% of our total operating expenses were denominated in foreign currencies.
+Added: We have performed a sensitivity analysis assuming a hypothetical 10% adverse movement in the Brazilian Real from the quoted foreign currency exchange rates at June 30, 2025.
+Added: As of June 30, 2025, the analysis indicated that such an adverse movement
+Added: would have caused our revenues and operating income to decline by approximately 1.1% and 0.6%, respectively, for the six months ended June 30, 2025.
+Added: As of June 30, 2025, we had intercompany debt, which is denominated in a currency other than the functional currency of the subsidiary in which it is recorded.
As settlement of this debt is anticipated or planned in the foreseeable future, any changes in the foreign currency exchange rates will result in unrealized gains or losses, which will be included in our determination of net income.
−Removed: A change of 10% in the underlying exchange rates of our unsettled intercompany debt at March 31, 2025 would have resulted in
−Removed: approximately $111.8 million of unrealized gains or losses that would have been included in Other income (expense), net in our Consolidated Statements of Operations for the three months ended March 31, 2025.
+Added: A change of 10% in the underlying exchange rates of our unsettled intercompany debt at June 30, 2025 would have resulted in approximately $104.0 million of unrealized gains or losses that would have been included in Other income (expense), net in our Consolidated Statements of Operations for the six months ended June 30, 2025.
Special Note Regarding Forward-Looking Statements
12 unchanged sentences
• the timing for closing of pending acquisitions, including the Millicom transaction;
+Added: • the timing for closing, and anticipated benefits of, the disposition of our Canadian assets;
• our future liquidity requirements, including our debt service in 2024, and our ability to meet such requirements with cash on hand, capacity under our Revolving Credit Facility, and our cash flows from operations for the next twelve months will be sufficient to service our outstanding debt during the next twelve months;
34 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.