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 of SOFR plus 5.75%.
−Removed: 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: 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.
+Added: Our total debt as of March 31, 2026 consists of $190.0 million principal amount due under our Term Credit Agreement, with an interest rate of 9.52%, indexed to SOFR plus a 5.75% margin.
+Added: A hypothetical 10% increase in the SOFR would increase cash interest payments by approximately $0.7 million annually;
+Added: however there are no assurances that rate changes would be limited to such amounts.
Borrowings under our ABL Credit Agreement, if any, bear interest at an agreed-upon percentage rate spread above SOFR.
Borrowings under our Swedish Credit Facility, if any, bear interest at fixed rates of 2.95%.
−Removed: 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: As of September 30, 2025, we had no borrowings outstanding under our ABL Credit Agreement or Swedish Credit Facility.
−Removed: The following table sets forth as of September 30, 2025, the principal amount due under our long-term debt obligations and the respective interest rate.
−Removed: Interest September 30, 2025
−Removed: Scheduled Maturity Rate
−Removed: (in thousands)
−Removed: Term Credit Agreement January 1, 2030 10.01% $ 190,000
−Removed: TETRA total debt
+Added: As of March 31, 2026, we had no borrowings outstanding under our ABL Credit Agreement or Swedish Credit Facility.
+Added: For additional information on our credit agreements, see Note 5 - “Long-Term Debt and Other Borrowings” in the Notes to Consolidated Financial Statements.
Exchange Rate Risk
3 unchanged sentences
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 September 30, 2025, we did not have any foreign currency exchange contracts outstanding.
+Added: As of March 31, 2026, 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.