What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2025-02-18 compared with 2024-02-22 · 1 added, 1 removed, 52 unchanged (4% of the section changed)

12 unchanged sentences

Fixed rate swaps are used to reduce the Company's risk of the possibility of increased interest costs.

As of December 31, 2023, the Company's financial liabilities subject to changes in interest rates are $110.0 million of our revolving credit facility borrowings and $90.0 million of our term loan facility.

As of December 31, 2024, the Company's financial liabilities subject to changes in interest rates are $197.5 million of our revolving credit facility borrowings.

The Company entered into an aggregate $120 million notional amount of interest rate swaps effective December 1, 2022 that exchange a variable rate of interest for a fixed rate of interest of 4.076% over the term of the agreements, which mature on December 1, 2026.

38 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.