6 unchanged sentences
In connection with the recapitalization of Sirius XM Canada on May 25, 2017, we loaned Sirius XM Canada $130.8 million.
−Removed: The loan is considered a long-term investment with any unrealized gains or losses reported within Accumulated other comprehensive (loss) income.
−Removed: The loan has a term of fifteen years, bears interest at a rate of 7.62% per annum and includes customary covenants and events of default, including an event of default relating to Sirius XM Canada’s failure to maintain specified leverage ratios.
The carrying value of the loan as of December 31, 2023 was $8.0 million and approximated its fair value.
The loan is denominated in Canadian dollars and it is subject to changes in foreign currency.
+Added: The loan is considered a long-term investment with any unrealized gains or losses reported within Accumulated other comprehensive (loss) income.
+Added: The loan has a term of fifteen years, bears interest at a rate of 7.62% per annum and includes customary covenants and events of default, including an event of default relating to Sirius XM Canada’s failure to maintain specified leverage ratios.
Had the Canadian to U.S.
1 unchanged sentence
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 (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.
+Added: Sirius XM's borrowings under the Credit Facility carry a variable interest rate, which is currently 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.