9 unchanged sentences
The interest rate swap effectively fixes the variable component of the interest rate on the Retail Term Loan at 3.385% through February 2027.
−Removed: As of June 30, 2025, approximately 82% of our long-term debt was based on fixed rates.
−Removed: Based on our outstanding borrowings as of June 30, 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 $18.9 million.
+Added: As of September 30, 2025, approximately 82% of our long-term debt was based on fixed rates.
+Added: Based on our outstanding borrowings as of September 30, 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: In order to mitigate exposure to foreign currency fluctuations, during the first half of 2025, the Company entered into four foreign currency swaps with the objective of managing foreign currency exchange rate risk associated with the U.S.
−Removed: dollar denominated 2026 WML 5 1/2% Senior Notes, 2027 WML 5 1/2% Senior Notes, 2028 WML 5 5/8% Senior Notes, and 2029 5 1/8% Senior Notes.
+Added: The Company is a party to foreign currency swap agreements with the objective of managing foreign currency exchange rate risk associated with the outstanding U.S.
+Added: dollar denominated WML Senior Notes.
The foreign currency swaps exchange predetermined amounts of Hong Kong dollars for U.S.
−Removed: dollars at a contractual spot rate, have notional amounts of $800.0 million, $750.0 million, $1.35 billion and $200.0 million, and mature in January 2026, October 2027, August 2028, and December 2029, respectively.
+Added: dollars at a contractual spot rate, and as of September 30, 2025, have an aggregate notional amount of $4.10 billion, and have maturities between October 2027 and August 2030.
For additional information, refer to Note 7, "Derivative Instruments" of Part I in this Quarterly Report on Form 10-Q.
−Removed: Based on our balances as of June 30, 2025 and after giving effect to our foreign currency swaps, an assumed 1% change in the U.S.
+Added: Based on our balances as of September 30, 2025 and after giving effect to our foreign currency swaps, an assumed 1% change in the U.S.
dollar/Hong Kong dollar exchange rate would cause a gain/loss of $3.4 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.