9 unchanged sentences
The Company’s predominantly fixed-rate debt structure has reduced its exposure to interest rate increases that could adversely affect its earnings and cash flows.
−Removed: The Company is exposed to interest rate increases under its Series 2021-1 Class A-1 Notes and other lines of credit;
+Added: The Company could be exposed to interest rate increases under its Class A-1 Notes and other lines of credit;
however, the Company had no outstanding borrowings under the Class A-1 Notes or its other lines of credit as of January 1, 2023.
See Note 12 of the Financial Statements and Supplementary Data contained in Item 8 herein for further information on the Company’s debt structure and its securitized financing facility.
−Removed: In addition, certain of the Company’s loan documents determine interest based on LIBOR, and we currently intend to renegotiate such loan documents prior to LIBOR being discontinued in 2023.
+Added: In addition, certain of the Company’s loan documents determine interest based on LIBOR, and we currently intend to renegotiate such loan documents prior to LIBOR being discontinued.
At this time, we cannot predict what alternative index would be negotiated with our lenders or the resulting impact on our interest expense.
19 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.