5 unchanged sentences
As a result, changes in interest rates will impact our interest expense.
−Removed: Borrowings under our Amended ABL Credit Facility bear interest at Cactus Company’s option at either the Alternate Base Rate (as defined therein) or (ii) the Adjusted Term SOFR Rate (as defined therein), plus, in each case, an applicable margin.
−Removed: As of March 31, 2023, outstanding borrowings under the Amended ABL Credit Facility included a $125.0 million term loan and $30.0 million of revolving borrowings.
−Removed: A hypothetical 100 basis point increase or decrease to our variable interest rates, as of March 31, 2023, would cause our interest expense to increase or decrease by approximately $1.6 million per year.
+Added: Borrowings under our Amended ABL Credit Facility bear interest at Cactus Company’s option at either the Alternate Base Rate (as defined therein) or the Adjusted Term SOFR Rate (as defined therein), plus, in each case, an applicable margin.
+Added: As of June 30, 2023, outstanding
+Added: borrowings under the Amended ABL Credit Facility included a $25.0 million term loan and $30.0 million of revolving borrowings.
+Added: A hypothetical 100 basis point increase or decrease to our variable interest rates, as of June 30, 2023, would have caused our interest expense to increase or decrease by approximately $0.6 million per year.
+Added: As discussed above, in July 2023 we made $25.0 million in payments to our term loan lenders, which reduced the balance of our term loan outstanding to zero, and we repaid the $30.0 million outstanding under our revolving loan.
+Added: As a result of these payments, we had no bank debt outstanding as of the date of this filing.
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.