8 unchanged sentences
Any increases in our outstanding indebtedness will amplify the effects of increased interest rates.
−Removed: As of September 30, 2024, the outstanding principal balance of $353.8 million on the Credit Agreement was subject to variable interest rates.
+Added: As of March 31 2025, the outstanding principal balance, net of exit fee, of $371.9 million on the Credit Agreement was subject to variable interest rates.
Based upon a sensitivity analysis, a hypothetical 1% change in interest rates on our debt outstanding would change our annual interest expense by approximately $3.7 million.
Inflation Risk
−Removed: The inflation rate has been falling after reaching a nearly three decade high in 2022.
−Removed: Although inflation has decreased, interest rates remain high and may continue to increase our interest expense and our operating costs as well as the operating costs of our franchisees.
−Removed: Although we do not believe that inflation has had a material effect on our business, there can be no assurance that future inflation will not have an adverse impact on our operating results and financial condition.
+Added: As of March 31, 2025, we do not believe that inflation has had a material effect on our business, financial condition or results of operations.
+Added: However, to the extent inflation results in rising interest rates and has other adverse effects on the market, it may have an adverse impact on our operating results and financial condition.
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.