6 unchanged sentences
Interest Rate Sensitivity
−Removed: As of September 30, 2021, approximately 78% of our long-term debt was based on fixed rates.
−Removed: Based on our borrowings as of September 30, 2021, an assumed 100 basis point change in the variable rates would cause our annual interest expense to change by $20.4 million.
−Removed: In order to mitigate exposure to interest rate fluctuations on the Retail Term Loan, the Company entered into a five year interest rate collar with a notional value of $615.0 million.
+Added: As of March 31, 2022, approximately 77% of our long-term debt was based on fixed rates.
+Added: Based on our borrowings as of March 31, 2022, an assumed 100 basis point change in the variable rates would cause our annual interest expense to change by $23.0 million.
+Added: In order to mitigate exposure to interest rate fluctuations on the Retail Term Loan, the Company entered into an interest rate collar with a notional value of $615.0 million.
The interest rate collar establishes a range whereby the Company will pay the counterparty if one-month LIBOR falls below the established floor rate of 1.00%, and the counterparty will pay the Company if one-month LIBOR exceeds the ceiling rate of 3.75%.
1 unchanged sentence
We expect most of the revenues and expenses for any casino that we operate in Macau will be denominated in Hong Kong dollars or Macau patacas;
−Removed: however, a significant portion of our Wynn Macau, Limited debt is denominated in U.S.
+Added: however, a significant portion of the debt issued by WML is denominated in U.S.
Fluctuations in the exchange rates resulting in weakening of the Macau pataca or the Hong Kong dollar in relation to the U.S.
dollar could have materially adverse effects on our results, financial condition and ability to service debt.
−Removed: Based on our balances as of September 30, 2021, an assumed 1% change in the U.S.
+Added: Based on our balances as of March 31, 2022, an assumed 1% change in the U.S.
dollar/Hong Kong dollar exchange rate would cause a foreign currency transaction gain/loss of $39.6 million.
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.