3 unchanged sentences
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: 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: Our total debt as of June 30, 2026 consists of $190.0 million principal amount due under our Term Credit Agreement, with an interest rate of 9.49%, indexed to SOFR plus a 5.75% margin, and $1.0 million principal amount under our Argentina Credit Facilities, with a weighted average interest rate of 7.13%.
A hypothetical 10% increase in the SOFR would increase cash interest payments by approximately $0.7 million annually;
2 unchanged sentences
Borrowings under our Swedish Credit Facility, if any, bear interest at fixed rates of 2.95%.
−Removed: As of March 31, 2026, we had no borrowings outstanding under our ABL Credit Agreement or Swedish Credit Facility.
+Added: As of June 30, 2026, we had no borrowings outstanding under our ABL Credit Agreement or Swedish Credit Facility.
For additional information on our credit agreements, see Note 5 - “Long-Term Debt and Other Borrowings” in the Notes to Consolidated Financial Statements.
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 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
+Added: 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 March 31, 2026, we did not have any foreign currency exchange contracts outstanding.
+Added: As of June 30, 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.