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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-03-01 compared with 2022-02-28 · 2 added, 2 removed, 14 unchanged (22% of the section changed)
13 unchanged sentences
Interest Rate Risk
−Removed: Our ABL Credit Facility is variable rate debt.
−Removed: At December 31, 2021, although there were no borrowings outstanding, the applicable margin on Eurodollar borrowings was 1.5% plus an adjusted base rate of one or three month LIBOR.
+Added: Our Amended ABL Credit Facility is variable rate debt.
+Added: At December 31, 2022, although there were no borrowings outstanding, the applicable margin on Term Benchmark borrowings was 1.25% plus the base rate of one, three or six month SOFR plus 0.10%, subject to a floor rate of 0%.
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.