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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-02 compared with 2022-02-01 · 1 added, 1 removed, 18 unchanged (10% of the section changed)
13 unchanged sentences
Our debt includes fixed rate instruments and the fair market value of our debt is sensitive to changes in interest rates.
−Removed: Sirius XM's borrowings under the Credit Facility carry a variable interest rate, which is currently based on LIBOR, plus an applicable rate based on its debt to operating cash flow ratio.
+Added: Sirius XM's borrowings under the Credit Facility carry a variable interest rate, which is currently based on LIBOR (except for the Incremental Term Loan which carries a variable interest rate based on SOFR), plus an applicable rate based on its debt to operating cash flow ratio.
We currently do not use interest rate derivative instruments to manage our exposure to interest rate fluctuations.
3 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.