8 unchanged sentences
As of December 31, 2020, all of our variable rate debt outstanding had rates indexed to LIBOR.
−Removed: (Amounts in thousands)
−Removed: December 31, Balance
−Removed: Weighted Average Interest Rate
−Removed: Effect of 1% Change in Base Rates
−Removed: December 31, Balance
−Removed: Weighted Average Interest Rate
+Added: (Amounts in thousands) December 31, Balance Weighted Average Interest Rate Effect of 1% Change in Base Rates December 31, Balance Weighted Average Interest Rate
Variable Rate $ 169,371 1.90% $ 1,694 $ 169,500 3.45%
+Added: Fixed Rate 1,428,026 4.16% — (2)
+Added: 1,386,748 4.12%
+Added: $ 1,597,397 (1)
+Added: $ 1,694 $ 1,556,248 (1)
(1) Excludes unamortized debt issuance costs of $9.9 million and $10.1 million as of December 31, 2020 and December 31, 2019, respectively.
2 unchanged sentences
We may utilize various financial instruments to mitigate the impact of interest rate fluctuations on our cash flows and earnings, including hedging strategies, depending on our analysis of the interest rate environment and the costs and risks of such strategies.
−Removed: As of December 31, 2019 , we did not have any hedging instruments in place.
+Added: As of December 31, 2020, we did not have any material hedging instruments in place.
Fair Value of Debt
1 unchanged sentence
As of December 31, 2020, the estimated fair value of our consolidated debt was $1.6 billion.
+Added: Other Market Risks
+Added: As of December 31, 2020, we had no material exposure to any other market risks (including foreign currency exchange risk or commodity price risk).
+Added: In making this determination and for purposes of the SEC’s market risk disclosure requirements, we have estimated the fair value of our financial instruments at December 31, 2020 based on pertinent information available to management as of that date.
+Added: Although management is not aware of any factors that would significantly affect the estimated amounts as of December 31, 2020, future estimates of fair value and the amounts which may be paid or realized in the future may differ significantly from amounts presented.
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.