7 unchanged sentences
Interest Rate Sensitivity
−Removed: As of September 30, 2024, approximately 79% of our long-term debt was based on fixed rates.
−Removed: 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.
−Removed: 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.
−Removed: 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: In order to mitigate exposure to interest rate fluctuations on the Retail Term Loan, in October 2024, the Company entered into an interest rate swap with a notional value of $600.0 million, maturing in February 2027.
The interest rate swap effectively fixes the variable component of the interest rate on the Retail Term Loan at 3.385% through February 2027.
+Added: As of March 31, 2025, approximately 76% of our long-term debt was based on fixed rates.
+Added: Based on our outstanding borrowings as of March 31, 2025 and after giving effect to the interest rate swap on the Retail Term Loan , an assumed 100 basis point change in the variable rates would cause our annual interest expense to change by $19.0 million.
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 as of September 30, 2024, an assumed 1% change in the U.S.
−Removed: dollar/Hong Kong dollar exchange rate would cause a foreign currency transaction gain/loss of $41.6 million.
+Added: In order to mitigate exposure to foreign currency fluctuations, in March 2025, the Company entered into three foreign currency swaps with the objective of managing foreign currency exchange rate risk associated with the U.S.
+Added: dollar denominated 2026 WML 5 1/2% Senior Notes, 2027 WML 5 1/2% Senior Notes, and 2028 WML 5 5/8% Senior Notes.
+Added: The foreign currency swaps exchange predetermined amounts of Hong Kong dollars for U.S.
+Added: dollars at a contractual spot rate, have notional amounts of $ 800.0 million, $ 750.0 million, and $ 1.35 billion, and mature in January 2026, October 2027, and August 2028, respectively.
+Added: For additional information, refer to Note 7, "Derivative Instruments" of Part I in this Quarterly Report on Form 10-Q.
+Added: Based on our balances as of March 31, 2025 and after giving effect to our foreign currency swaps, an assumed 1% change in the U.S.
+Added: dollar/Hong Kong dollar exchange rate would cause a gain/loss of $12.5 million to our income before income taxes.
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.