6 unchanged sentences
Because our cash and cash equivalents have a relatively short maturity, our portfolio’s fair value is relatively insensitive to interest rate changes.
−Removed: Borrowings under our Loan Agreement have variable interest rates.
−Removed: We had $10.8 million and $18.3 million aggregate principal amount of borrowings outstanding under our Loan Agreement as of December 31, 2020 and 2019, respectively.
+Added: Borrowings under the Notes have a fixed interest rate.
+Added: Borrowings under the Loan Agreement had variable interest rates.
+Added: As of December 31, 2021, we had $575.0 million aggregate principal amount of borrowings outstanding under the Notes.
+Added: As of December 31, 2020, we had $10.8 million aggregate principal amount of borrowings outstanding under our Loan Agreement.
We do not believe that a hypothetical increase or decrease in interest rates of 100 basis points would have a material impact on our operating results or financial condition.
9 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.