7 unchanged sentences
We are exposed to changes in interest rates as a result of our borrowing activities and our cash balances.
−Removed: The Company entered into a second amended and restated revolving credit facility on December 30, 2015.
+Added: The Company entered into a third amended and restated revolving credit facility on March 20, 2020.
Interest payable on the facility is based upon the Agent’s prime rate, the Federal Funds rate or LIBOR, plus a spread.
−Removed: At December 31, 2019 , the Company has $34.0 million borrowings outstanding under the revolving credit facility and $10.5 million in outstanding term loans.
+Added: At December 31, 2020, the Company has $41.0 million borrowings outstanding under the revolving credit facility.
At December 31, 2020, we have $98.4 million of cash and cash equivalents, which accrue interest at various variable rates.
12 unchanged sentences
Therefore, when the British pound strengthens against all or most of our other major currencies, our operating profit is increased.
−Removed: VPG Canada has a secured term facility denominated in U.S.
−Removed: Therefore, we are exposed to potentially significant foreign exchange risk based on the valuation of this long-term debt related to the exchange rate between the U.S.
−Removed: dollar and the Canadian dollar.
We have performed a sensitivity analysis as of December 31, 2020 and 2019, respectively, using a model that measures the change in the values arising from a hypothetical 10% adverse movement in foreign currency exchange rates relative to the U.S.
24 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.