2 unchanged sentences
The interest rates per annum applicable to the 2022 Senior Credit Facilities are Term SOFR plus an applicable margin, which ranges from 2.625% to 3.375%, or, at the option of the Company, a Base Rate (as defined in the 2022 Senior Credit Facilities) plus an applicable margin, which ranges from 1.625% to 2.375%.
−Removed: Outstanding borrowings subject to interest rate fluctuations under the 2022 Term Loan Facility were $4.7 million as of September 30, 2024.
−Removed: There were no outstanding borrowings under the 2022 Revolving Credit Facility as of September 30, 2024.
+Added: Outstanding borrowings subject to interest rate fluctuations under the 2022 Term Loan Facility were $4.5 million as of March 31, 2025.
+Added: There were no outstanding borrowings under the 2022 Revolving Credit Facility as of March 31, 2025.
Based on our outstanding borrowings, an immediate 100 basis point change in interest rates would not have a material effect on our net income.
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.