1 unchanged sentence
We are exposed to market risks as a result of changes to interest rates.
−Removed: Other than our Credit Facility and the 2024 Term Loan, we do not have any financial instruments that are exposed to significant market risk.
+Added: Other than our 2025 Term Loan, we do not have any financial instruments that are exposed to significant market risk.
We maintain our cash and cash equivalents in bank deposits and short-term, highly liquid money market investments.
−Removed: A hypothetical 100-basis point increase or decrease in market interest rates would not have a material impact on the fair value of our cash equivalents securities, or our earnings on such cash equivalents, but would have a $2.4 million annual effect on the interest paid on borrowings under the Credit Facility and a $1.2 million annual effect on the interest paid under the 2024 Term Loan.
−Removed: As of March 6, 2025, we had $243.8 million outstanding on our Term Loan Facility, and there were no outstanding borrowings under our Revolving Facility.
−Removed: As of March 6, 2025, we had $115.6 million outstanding on our 2024 Term Loan, which was entered into on March 27, 2024.
+Added: A hypothetical 100-basis point increase or decrease in market interest rates would not have a material impact on the fair value of our cash equivalents securities, or our earnings on such cash equivalents, but would have a $4.0 million annual effect on the interest paid on borrowings under the 2025 Term Loan.
+Added: As of March 9, 2026, we had $399.0 million outstanding on our 2025 Term Loan, and there were no outstanding borrowings under our 2025 Revolving Facility.
Fluctuations in interest rates affect consumer demand for new mortgages and the level of refinancing activity which, in turn, affects lender demand for mortgage leads.
7 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.