7 unchanged sentences
We expect to replace variable rate debt on a regular basis with fixed rate, long-term debt to finance our assets and operations.
−Removed: As of September 30, 2023, we had $200.0 million of borrowings outstanding under our Amended Facility, none of which were subject to interest rate caps.
+Added: As of March 31, 2024, we had $200.0 million of borrowings outstanding under our Amended Facility, none of which were subject to interest rate caps.
Amounts borrowed under our Amended Facility bear interest at a variable rate based on SOFR plus an applicable SOFR margin.
−Removed: The weighted average interest rate on borrowings outstanding under our Amended Facility was 6.6% as of September 30, 2023.
−Removed: If the SOFR rate were to fluctuate by 0.25%, interest expense would increase or decrease, depending on rate movement, future earnings and cash flows by approximately $0.5 million annually on the total of the outstanding balances on our Amended Facility as of September 30, 2023.
+Added: The weighted average interest rate on borrowings outstanding under our Amended Facility was 6.6% as of March 31, 2024.
+Added: If the SOFR rate were to fluctuate by 0.25%, interest expense would increase or
+Added: decrease, depending on rate movement, future earnings and cash flows by approximately $0.5 million annually on the total of the outstanding balances on our Amended Facility as of March 31, 2024.
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.