7 unchanged sentences
Interest Rate Sensitivity
−Removed: As of June 30, 2024, approximately 77% of our long-term debt was based on fixed rates.
−Removed: Based on our outstanding borrowings as of June 30, 2024 and an interest rate collar on the Retail Term Loan, an assumed 100 basis point change in the variable rates would cause our annual interest expense to change by $19.7 million.
−Removed: 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.
−Removed: The interest rate collar establishes a range whereby the Company will pay the counterparty if one-month SOFR falls below the established floor rate of 1.00%, and the counterparty will pay the Company if one-month SOFR exceeds the ceiling rate of 3.67%.
+Added: As of September 30, 2024, approximately 79% of our long-term debt was based on fixed rates.
+Added: Based on our outstanding borrowings as of September 30, 2024 , an assumed 100 basis point change in the variable rates would cause our annual interest expense to change by $19.2 million.
+Added: In order to mitigate exposure to interest rate fluctuations on the Retail Term Loan, the Company previously entered into an interest rate collar with a notional value of $615.0 million, which expired on August 1, 2024.
+Added: On October 2, 2024, the Company entered into an interest rate swap with a notional value of $600.0 million, maturing in February 2027.
+Added: The interest rate swap effectively fixes the variable component of the interest rate on the Retail Term Loan at 3.385% through February 2027.
Foreign Currency Risks
3 unchanged sentences
dollar could have materially adverse effects on our results, financial condition and ability to service debt.
−Removed: Based on our balances
−Removed: as of June 30, 2024, an assumed 1% change in the U.S.
+Added: Based on our balances as of September 30, 2024, an assumed 1% change in the U.S.
dollar/Hong Kong dollar exchange rate would cause a foreign currency transaction gain/loss of $41.6 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.