9 unchanged sentences
As of December 31, 2024, a 1% increase or decrease in interest rates would not have a material impact on our future earnings, fair values, or cash flows related to investments in cash equivalents or interest earning marketable securities.
−Removed: At December 31, 2023, we had $61.4 million outstanding under our Amended Credit Facility.
+Added: We had no outstanding debt under our Amended Credit Facility as of December 31, 2024.
Borrowings under the Amended Credit Facility bear interest at Term SOFR or a base rate, plus a margin ranging from 1.50% to 2.00% depending on our leverage ratio.
An unused commitment fee ranging from 0.20% to 0.30%, depending on our leverage ratio, accrues on unused amounts under the Amended Credit Facility.
−Removed: An increase in Term SOFR would affect interest expense on any
−Removed: outstanding balance of the Revolving Credit Facility.
+Added: An increase in Term SOFR would affect interest expense on any outstanding balance of the Revolving Credit Facility.
For every 100 basis points increase in Term SOFR, we would incur an incremental $2.5 million in interest expense per year assuming the entire $250 million Revolving Credit Facility was utilized.
9 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.