5 unchanged sentences
We are primarily exposed to interest rate risk through our ABL Facility, which bears interest at variable rates.
−Removed: We had $1.5 billion in outstanding principal under the ABL Facility at September 30, 2025.
−Removed: To manage interest rate risk, in January 2024 and January 2023, respectively, we executed interest rate swap agreements relating to an aggregate of $500.0 million and $750.0 million in notional amount of variable-rate debt under our ABL Facility.
+Added: We had $1.4 billion in outstanding principal under the ABL Facility at March 31, 2026.
+Added: To manage interest rate risk, in January 2024 and January 2023, we executed interest rate swap agreements relating to an aggregate of $500.0 million and $750.0 million, respectively, in notional amount of variable-rate debt under our ABL Facility.
The January 2024 and January 2023 swap agreements provide for us to pay effective fixed interest rates of 3.70% and 3.44% per annum, respectively, and receive a variable interest rate equal to one-month term SOFR, with maturity dates of June 30, 2027.
−Removed: After taking into account the impact of the swaps, an increase in interest rates by 100 basis points on our ABL Facility would have increased quarter to date interest expense by approximately $0.6 million based on outstanding borrowings at September 30, 2025.
+Added: After taking into account the impact of the swaps, an increase in interest rates by 100 basis points on our ABL Facility would have increased quarter to date interest expense by approximately $1.8 million based on outstanding borrowings at March 31, 2026.
Foreign Currency Risk
6 unchanged sentences
These gains and losses are primarily driven by intercompany transactions and rental equipment purchases denominated in currencies other than the functional currency of the purchasing entity.
−Removed: These exposures are included in currency (gains) losses, net, on the consolidated statements of operations.
+Added: These exposures are included in other expenses, net, on the consolidated statements of operations.
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.