2 unchanged sentences
The interest on our borrowings is subject to market risk exposure related to changes in applicable interest rates.
−Removed: Borrowings under the Term Credit Agreement bear interest at a rate per annum equal to SOFR plus a margin of 6.25% per annum.
−Removed: Borrowings under our Asset-Based Credit Agreement bear interest at an agreed-upon percentage rate spread above SOFR or an alternate base rate.
+Added: On January 12, 2024, the Company entered into a New Term Credit Agreement consisting of a $190.0 million funded term loan and a $75.0 million delayed-draw term loan that refinanced the Company’s Term Credit Agreement outstanding as of December 31, 2023.
+Added: Borrowings under the New Term Credit Agreement bear interest at a rate per annum equal to SOFR plus 5.75%.
+Added: The Company is required to pay a commitment fee on the unutilized commitments with respect to the delayed-draw term loan at the rate of 1.5% per annum.
+Added: Borrowings under our Asset-Based Credit Agreement bear interest at an agreed-upon percentage rate spread above SOFR.
+Added: Borrowings under our Swedish Credit Facility, if any, bear interest at fixed rates of 2.95%.
The following table sets forth as of December 31, 2024, the principal amount due under our long-term debt obligations and their respective weighted average interest rates.
3 unchanged sentences
(In Thousands)
−Removed: Term credit agreement September 10, 2025 11.70% $ 163,072
−Removed: Asset-based credit agreement May 31, 2025 8.75% —
−Removed: Swedish credit facility
−Removed: December 31, 2024 2.95% —
+Added: Term credit agreement January 1, 2030 10.23% $ 190,000
Total long-term debt $ 190,000
−Removed: On January 12, 2024, the Company entered into a New Term Credit Agreement consisting of a $190.0 million funded term loan and a $75.0 million delayed-draw term loan that refinanced the Company’s Term Credit Agreement outstanding as of December 31, 2023.
−Removed: Borrowings under the New Term Credit Agreement bear interest at a rate per annum equal to SOFR plus 5.75%.
Exchange Rate Risk
8 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.