What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2024-02-28 compared with 2023-02-27 · 1 added, 1 removed, 20 unchanged (9% of the section changed)

18 unchanged sentences

At December 31, 2023, we had $258.8 million outstanding under our Term Loan.

The applicable margin on amounts outstanding under the Credit Agreement is 2.25%, in the case of LIBOR-based loans, and 1.25%, in the case of an alternate base rate loan.

The applicable margin on amounts outstanding under the Credit Agreement is 2.25%, in the case of SOFR-based loans, and 1.25%, in the case of an alternate base rate loan.

Given our borrowings are floating rate, we considered a hypothetical 100 basis point change in the base rate of our outstanding borrowings and determined that annual interest expense would change by an estimated $2.6 million, either an increase or decrease, depending on the direction of the change in the base rate.

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.