3 unchanged sentences
Interest Rate Risk
−Removed: Our exposures to market risk for changes in interest rates relate primarily to our 2030 Refinanced Term Loans.
−Removed: The 2030 Refinanced Term Loans represent floating rate notes and are carried at amortized cost.
−Removed: Therefore, fluctuations in interest rates will impact our consolidated financial statements.
−Removed: The interest rate for the 2030 Refinanced Term Loans is SOFR plus 2.75% per annum, subject to a floor of 0.00%.
−Removed: There is no cap on the interest rate associated with the 2030 Refinanced Term Loans.
−Removed: A rising interest rate environment will increase the amount of interest paid on the 2030 Refinanced Term Loans.
−Removed: A hypothetical 100 basis point increase or decrease in interest rates would not have a material effect on our financial results.
+Added: As of June 30, 2024, we had approximately $1.97 billion in aggregate principal amount outstanding of the 2030 Refinanced Term Loans, which were floating rate notes carried at amortized cost and subject to interest rate risk.
+Added: In September 2024, we fully repaid all loans outstanding under this term loan agreement.
+Added: As a result, our primary exposure to market risks for changes in interest rates relate primarily to the new Credit Agreement of which we currently have no drawn amounts as of December 31, 2024.
+Added: For additional information, see Note 8 – Long-Term Debt and Revolving Credit Arrangements in the notes to the consolidated financial statements included in Part II, Item 8, of this Annual Report on Form 10-K.
The fair value of our fixed rate notes will generally fluctuate with movements of interest rates, increasing in periods of declining rates of interest and declining in periods of increasing rates of interest.
29 unchanged sentences
We have experienced and will continue to experience fluctuations in our net income/(loss) as a result of transaction gains or (losses) related to remeasurement of our asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are recorded.
−Removed: At this time, we do not, but we may in the future, enter into derivatives or other financial instruments in an attempt to hedge our foreign currency exchange risk.
+Added: We enter into foreign currency derivative contracts to mitigate the foreign exchange risk associated with assets and liabilities denominated in currencies other than our functional currency.
+Added: While these contracts help reduce the impact of foreign currency fluctuations, they do not fully eliminate this risk.
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.