12 unchanged sentences
The Term Loan and Revolving Credit Facility bear interest at variable rates.
−Removed: Interest rate risk associated with our Credit Agreement is managed through an interest rate swap that was executed on March 10, 2023.
−Removed: The swap has an effective date of May 18, 2023 and a termination date of May 18, 2026.
−Removed: Under the terms of the swap, we fixed our SOFR borrowing rate on a notional amount of $161.0 million.
+Added: Interest rate risk associated with our Credit Agreement is managed through an interest rate swap that was executed on June 4, 2025.
+Added: The swap had an effective date of May 19, 2025 and has a termination date of May 18, 2027.
+Added: Under the terms of the swap, we fixed our SOFR borrowing rate at 3.92% on a notional amount of $140.0 million.
The interest rate swap is not designated as a hedging instrument for accounting purposes.
17 unchanged sentences
This exposes us to the risk of fluctuations in foreign currency exchange rates until the time of payment.
−Removed: Transaction gains and losses associated with purchases made by Canadian subsidiaries that are denominated in currencies other than Canadian dollar are recognized as a component of other expense (income), net within the consolidated statements of operations.
+Added: Transaction gains and losses associated with purchases made by Canadian subsidiaries that are denominated in currencies other than Canadian dollar are recognized as a component of other (income) expense, net within the consolidated statements of operations.
Currently, our largest foreign currency exposure is that with respect to the Australian dollar and the Canadian dollar.
4 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.