6 unchanged sentences
Term Loan Facility .
−Removed: As of December 31, 2024, we had an aggregate principal amount outstanding of $1.1 billion on our Term Loan Facility.
−Removed: The interest rate fluctuates based on SOFR or a Base Rate, as defined in the agreement, plus an applicable margin.
−Removed: Assuming an average annual aggregate principal amount outstanding of $1.1 billion, a hypothetical 1% increase in the interest rate would have increased our annual interest expense by $11 million.
+Added: As of December 31, 2025, we had an aggregate principal amount outstanding of $985 million on our Term Loan Facility.
+Added: The interest rate fluctuates based on the Secured Overnight Financing Rate (“SOFR”) or a Base Rate, as defined in the agreement, plus an applicable margin.
+Added: Assuming an average annual aggregate principal amount outstanding of $985 million, a hypothetical 1% increase in the interest rate would have increased our annual interest expense by $10 million.
Additionally, we utilize short-term interest rate swaps to mitigate variability in forecasted interest payments on our Term Loan Facility.
The interest rate swaps convert floating-rate interest payments into fixed rate interest payments.
−Removed: ABL Facility .
−Removed: The interest rates on our ABL Facility fluctuate based on SOFR or a Base Rate, as defined in the agreement, plus an applicable margin.
−Removed: Assuming our ABL Facility was fully drawn throughout 2024, a hypothetical 1% increase in the interest rate would have increased our annual interest expense by $6 million.
+Added: Revolving Credit Facility .
+Added: The interest rates on our Revolving Credit Facility fluctuate based on SOFR, the Canadian Overnight Repo Rate (“CORRA”) or a Base Rate, as defined in the agreement, plus an applicable margin.
+Added: Assuming our Revolving Credit Facility was fully drawn throughout 2025, a hypothetical 1% increase in the interest rate would have increased our annual interest expense by $6 million.
Fixed Rate Debt.
23 unchanged sentences
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.