What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2022-02-04 compared with 2021-11-05 · 2 added, 2 removed, 3 unchanged (57% of the section changed)

1 unchanged sentence

Interest Rate Risk

The Company’s outstanding debt under its revolving credit facility was $275.7 million at September 30, 2021.

The Company’s outstanding debt under its revolving credit facility was $425.2 million at December 31, 2021.

Interest on borrowing under this facility is based on the greater of 4.5% or one month LIBOR plus an applicable margin of 3.5%.

Based on the outstanding balance at September 30, 2021, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $2.8 million on an annual basis.

Based on the outstanding balance at December 31, 2021, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $4.3 million on an annual basis.

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.