8 unchanged sentences
The Company’s U.K.
−Removed: subsidiary, whose functional currency is Pound Sterling, utilizes foreign currency forward contracts to limit its exposure to net asset balances held in non-functional currencies, specifically the Euro.
+Added: subsidiary, whose functional currency is Pound Sterling, utilizes foreign currency forward contracts to limit its exposure to net asset balances held in non-functional currencies.
The Company regularly monitors its foreign exchange exposures to ensure the overall effectiveness of its foreign currency hedge positions.
9 unchanged sentences
Under the terms of the credit facility agreement, the Company may borrow loans in U.S.
−Removed: dollars or in foreign currencies from time to time until January 22, 2024.
−Removed: All loans denominated in U.S.
−Removed: Dollars will accrue interest at the bank’s Prime rate or at LIBOR plus a margin of 0.90 percent (together with any applicable mandatory liquid asset costs imposed by non-U.S.
−Removed: banking regulatory authorities).
−Removed: All loans denominated in foreign currencies will accrue interest at LIBOR plus 0.90 percent.
+Added: dollars or in foreign currencies from time to time until March 16, 2025.
+Added: In addition, the Company had $18.0 million in fixed rate borrowings consisting of senior notes under its note purchase agreement as of August 31, 2020.
+Added: On September 30, 2020, we entered into amendments to both the line of credit and note agreement and refinanced existing draws under our credit facility in the United States through the issuance of additional notes in the amount of $52.0 million.
+Added: For additional details on the Company’s long-term borrowings as of August 31, 2020 and subsequent debt restructuring, refer to the information set forth in Part IV—Item 15, “Exhibits, Financial Statement Schedules”, Note 8 – Debt and Note 18 – Subsequent Events, respectively.
+Added: Interest rates associated with this revolving credit facility are based on Prime and LIBOR rates.
Any significant increase in the bank’s Prime rate and/or LIBOR rate could have a material effect on interest expense incurred on any borrowings outstanding under the credit facility.
+Added: The U.K.’s Financial Conduct Authority has announced the LIBOR benchmark will be phased out by a target date of December, 31, 2021.
+Added: Although the Company expects the contract on its revolving credit facility to be amended by this target date to include the incorporation of an alternative reference rate, the Company does not believe this anticipated event represents a material increase to its interest rate risk.
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.