5 unchanged sentences
Borrowings under our Argentina Credit Facility and Swedish Credit Facility bear interest at fixed rates of 2.50% and 2.95%, respectively.
−Removed: The following table sets forth as of June 30, 2023, the principal amount due under our long-term debt obligations and their respective weighted average interest rates.
−Removed: As of June 30, 2023, we had no balance outstanding under our ABL Credit Agreement or Swedish Credit Facility.
+Added: The following table sets forth as of September 30, 2023, the principal amount due under our long-term debt obligations and their respective weighted average interest rates.
+Added: As of September 30, 2023, we had no balance outstanding under our ABL Credit Agreement.
We are not a party to an interest rate swap contract or other derivative instrument designed to hedge our exposure to interest rate fluctuation risk.
−Removed: Interest June 30, 2023
+Added: Interest September 30, 2023
Scheduled Maturity Rate
1 unchanged sentence
Term Credit Agreement September 10, 2025 11.68% $ 163,071
+Added: Asset-Based Credit Agreement May 31, 2025 8.75% —
Argentina Credit Facility October 19, 2023 2.50% 1,900
+Added: Swedish Credit Facility December 31, 2023 2.95% 11
TETRA total debt, including current portion $ 164,982
2 unchanged sentences
We may enter into short-term foreign-currency forward derivative contracts as part of a program designed to mitigate the currency exchange rate risk exposure on selected transactions of certain foreign subsidiaries.
−Removed: Although contracts pursuant to this program will serve as an economic
−Removed: hedge of the cash flow of our currency exchange risk exposure, they are not expected to be formally designated as hedge contracts or qualify for hedge accounting treatment.
+Added: Although contracts pursuant to this program will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they are not expected to be formally designated as hedge contracts or qualify for hedge accounting treatment.
Accordingly, any change in the fair value of these derivative instruments during a period will be included in the determination of earnings for that period.
−Removed: As of June 30, 2023, we did not have any foreign currency exchange contracts outstanding.
+Added: As of September 30, 2023, we did not have any foreign currency exchange contracts outstanding.
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.