11 unchanged sentences
This objective is accomplished currently by making diversified investments, consisting only of money market mutual funds and FDIC insured institutional liquid deposit accounts.
−Removed: In August 2019, the Company entered into floating-to-fixed interest rate swap agreements to limit exposure to interest rate risk related to our debt, effectively converting the entire balance of the Company's Term Loans from variable interest payments to fixed interest rate payments, based on an annualized fixed rate of 5.4%, for the 7-year term of debt.
−Removed: On August 24, 2023, the Company sold a portion of their interest rate swaps received $20.5 million of net cash proceeds.
−Removed: After giving effect to such sale, $257.2 million of the Term Loans has an effective annualized fixed interest rate of 5.4%, and the remaining principal outstanding at June 30, 2024 has a floating interest rate of 9.2% based on the interest rate as described in “Note 6.
−Removed: The interest rate associated with our $60 million Revolver that matures August 6, 2024 remains floating.
−Removed: As of June 30, 2024, we had an outstanding balance of $479.4 under our Term Loans that mature August 6, 2026.
−Removed: Based on the Company’s outstanding balance of variable rate debt at June 30, 2024, a hypothetical change of 100 basis points could have resulted in a $1.1 million million increase to total interest expense for the six months ended June 30, 2024.
+Added: The Company has floating-to-fixed interest rate swap agreements to limit exposure to interest rate risk related to our debt with an annualized fixed rate of 5.4% through the maturity of the Term Loans.
+Added: The total notional value of the interest rate swap agreements was $256.5 million at September 30, 2024.
+Added: The Company’s Term Loans have a floating interest rate of 9.1% based on the interest rate as described in “Note 6.
+Added: The effective cash interest rate for the nine months ended September 30, 2024 was 6.9%.
+Added: As of September 30, 2024, we had an outstanding balance of $301.0 million under our Term Loans that mature August 6, 2026.
+Added: Based on the Company’s outstanding balance of variable rate debt at September 30, 2024, a hypothetical change of 100 basis points could have resulted in a $1.5 million increase to total interest expense for the nine months ended September 30, 2024.
Foreign Currency Exchange Risk
Our customers are generally invoiced in the currency of the country in which they are located.
−Removed: In addition, we incur a portion of our operating expenses in foreign currencies, including Australian dollars, Canadian dollars, Indian Rupees, British pounds, Euros, and Israeli New Shekels and in the future as we expand into other foreign countries, we expect to incur operating expenses in other foreign currencies.
+Added: In addition to the United States dollar, we incur a portion of our operating expenses in foreign currencies, including Australian dollars, Canadian dollars, Indian Rupees, British pounds, Euros, and Israeli New Shekels and in the future as we expand into other foreign countries, we expect to incur operating expenses in other foreign currencies.
As a result, we are exposed to foreign exchange rate fluctuations as the financial results of our international operations and our revenue and operating results could be adversely affected.
−Removed: The effect of a hypothetical 10% change in foreign currency exchange rates applicable to our business could have resulted in a change in revenue of $3.1 million for the six months ended June 30, 2024.
+Added: The effect of a hypothetical 10% change in foreign currency exchange rates applicable to our business could have resulted in a change in revenue of $4.6 million for the nine months ended September 30, 2024.
We have not previously engaged in any currency hedging strategies.
6 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.