8 unchanged sentences
As of December 31, 2020, we had $100.0 million of borrowings outstanding under our Facility.
−Removed: Of the $100.0 million outstanding on the Facility, $100.0 million is subject to interest rate caps.
+Added: Of the $100.0 million outstanding on the Facility, $50.0 million is subject to an interest rate cap.
See “Note 9 – Derivative Financial Instruments” in our notes to consolidated financial statements for more information regarding our interest rate caps.
4 unchanged sentences
Such an event would not affect our ability to borrow or maintain already outstanding borrowings, but the replacement rate or alternate base rate could be higher or more volatile than LIBOR prior to its discontinuance.
−Removed: We understand that LIBOR is expected to remain available through the end of 2021, but may be discontinued or otherwise become unavailable thereafter.
+Added: In addition, uncertainty about the extent and manner of future changes may result in interest rates and/or payments that are higher or lower than if LIBOR were to remain available in its current form.
+Added: While we expect LIBOR to be available in substantially its current form until the end of 2021, it is possible that LIBOR will become unavailable prior to that point.
+Added: This could result, for example, if sufficient banks decline to make submission to the LIBOR administrator.
+Added: In that case, the risks associated with the transition to an alternative reference rate will be accelerated and may be magnified.
Financial Statements And Supplementary Data.
2 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.