12 unchanged sentences
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.
−Removed: The total notional value of the interest rate swap agreements was $256.5 million at September 30, 2024.
+Added: The total notional value of the interest rate swap agreements was $216.9 million at March 31, 2025.
The Company’s Term Loans have a floating interest rate of 8.2% based on the interest rate as described in “Note 6.
−Removed: The effective cash interest rate for the nine months ended September 30, 2024 was 6.9%.
−Removed: As of September 30, 2024, we had an outstanding balance of $301.0 million under our Term Loans that mature August 6, 2026.
−Removed: 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.
+Added: The effective cash interest rate for the three months ended March 31, 2025 was 5.9%.
+Added: As of March 31, 2025, we had an outstanding balance of $259.4 million under our Term Loans that mature August 6, 2026.
+Added: Based on the Company’s outstanding balance of variable rate debt at March 31, 2025, a hypothetical change of 100 basis points could have resulted in a $0.1 million increase to total interest expense for the three months ended March 31, 2025.
Foreign Currency Exchange Risk
2 unchanged sentences
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 $4.6 million for the nine months ended September 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 $1.4 million for the three months ended March 31, 2025.
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.