1 unchanged sentence
Interest Rate Risk
−Removed: The Company’s outstanding debt under its Revolving Credit Facility was $575.7 million at December 31, 2025.
+Added: The Company’s outstanding debt under its Revolving Credit Facility was $467.6 million at June 30, 2026.
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 December 31, 2025, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $5.8 million on an annual basis.
−Removed: The Company’s outstanding debt under its Warehouse Facility was $101.5 million at December 31, 2025.
+Added: Based on the outstanding balance under the Company's Revolving Credit Facility at June 30, 2026, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $4.7 million on an annual basis.
+Added: The Company’s outstanding debt under its Warehouse Facility was $105.2 million at June 30, 2026.
Interest on borrowings under this facility is based on one-month SOFR plus 0.11448% and an applicable margin of 3.00%.
−Removed: Based on the outstanding balance under the Company's Warehouse Facility at December 31, 2025, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $1.0 million on an annual basis.
+Added: Based on the outstanding balance under the Company's Warehouse Facility at June 30, 2026, a change of 1.0% in the interest rate would cause a change in interest expense of approximately $1.1 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.