What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2024-08-08 compared with 2024-02-07 · 3 added, 3 removed, 2 unchanged (75% of the section changed)

1 unchanged sentence

Interest Rate Risk

The Company’s outstanding debt under its revolving credit facility was $305.1 million at December 31, 2023.

Interest on borrowing under this facility is based on the greater of 4.5% or one month SOFR plus 0.10% and an applicable margin of 3.5%.

Based on the outstanding balance at December 31, 2023, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $3.1 million on an annual basis.

The Company’s outstanding debt under its revolving credit facility was $241.7 million at June 30, 2024.

Interest on borrowings under this facility is based on the greater of 4.5% or one month SOFR plus 0.10% and an applicable margin of 3.5%.

Based on the outstanding balance under the Company's revolving credit facility at June 30, 2024, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $2.4 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.