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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2025-02-06 compared with 2024-11-07 · 2 added, 2 removed, 3 unchanged (57% of the section changed)
1 unchanged sentence
Interest Rate Risk
−Removed: The Company’s outstanding debt under its revolving credit facility was $265.6 million at September 30, 2024.
+Added: The Company’s outstanding debt under its revolving credit facility was $335.9 million at December 31, 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%.
−Removed: Based on the outstanding balance under the Company's revolving credit facility at September 30, 2024, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $2.7 million on an annual basis.
+Added: Based on the outstanding balance under the Company's revolving credit facility at December 31, 2024, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $3.4 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.