5 unchanged sentences
As of December 31, 2025, our Term Loan bore interest at a variable rate based on the Adjusted Term SOFR rate.
−Removed: As a result, we are subject to interest rate risk based on the Adjusted Term SOFR rate (or the Reference Rate, as applicable), and our interest obligation on outstanding borrowings will fluctuate with movements in the Adjusted Term SOFR rate (or the Reference Rate, as applicable).
+Added: As a result, we are subject to interest rate risk based on the Adjusted Term SOFR rate, and our interest obligation on outstanding borrowings will fluctuate with movements in the Adjusted Term SOFR rate.
As of December 31, 2025, the stated interest rate on the Term Loan was 10.93%, per annum.
+Added: Table of Conte nt s
Certain voluntary or mandatory prepayments of the Term Loan, as prescribed by the Credit Agreement, are subject to prepayment premiums as follows:
1 unchanged sentence
Treasury notes yield, (ii) with respect to any such payment occurring after December 31, 2025 and on or before December 31, 2026, a 1.0% prepayment premium, and (iii) with respect to any such payment occurring after December 31, 2026, no prepayment premium.
−Removed: As of December 31, 2024, our exposure to interest rate risk calculated using the Adjusted Term SOFR rate or the Reference Rate was not material.
+Added: As of December 31, 2025, our exposure to interest rate risk calculated using the Adjusted Term SOFR rate was not material.
As of December 31, 2025, our exposure to interest rate risk related to prepayment breakage costs and prepayment premiums was not material.
14 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.