11 unchanged sentences
Our cash and cash equivalents are not subject to significant interest rate risk due to the short maturities of these instruments.
−Removed: As of March 31, 2021, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of June 30, 2021, the carrying value of our cash and cash equivalents approximated fair value.
Our return on these investments is subject to interest rate fluctuations.
−Removed: As of March 31, 2021, we had investments in debt securities with effective maturities greater than one year of approximately zero.
−Removed: As of March 31, 2021 and December 31, 2020, we had cash and cash equivalent investments primarily in money market funds with maturities of 90 days or less of $372.0 million and $242.7 million, respectively.
+Added: As of June 30, 2021, we had investments in debt securities with effective maturities greater than one year of approximately zero.
+Added: As of June 30, 2021 and December 31, 2020, we had cash and cash equivalent investments primarily in money market funds with maturities of 90 days or less of $347.9 million and $242.7 million, respectively.
On April 7, 2021, J2 Global, Inc.
8 unchanged sentences
J2 is permitted to make voluntary prepayments of the Credit Facility at any time without payment of a premium or penalty.
+Added: On June 2, 2021, J2 Global, Inc.
+Added: entered into a First Amendment (the “Amendment”) to Credit Agreement, dated as of April 7, 2021 (the “Existing Credit Agreement”).
+Added: The Amendment (i) provides for the issuance of a senior secured term loan under the Existing Credit Agreement, in an aggregate principal amount of $405,000,000 (the “Bridge Loan Facility”), (ii) permits the spin-off of a portion of J2’s Cloud Services business into a new publicly traded company, and (iii) provides for certain other changes to the Existing Credit Agreement as set forth in the Amendment.
+Added: Citicorp North America, Inc.
+Added: has committed to provide $243,000,000 of the Bridge Loan Facility and MUFG Union Bank, N.A.
+Added: has committed to provide $162,000,000 of the Bridge Loan Facility.
+Added: The loans under the Bridge Loan Facility (the “Bridge Loans”) bear interest at a rate per annum equal to (i) initially upon funding of the Bridge Loans, either a base rate plus 2.00%, or a LIBOR rate plus 3.00%, (ii) from six months after the funding date of the Bridge Loans until twelve months after the funding date of the Bridge Loans, either a base rate plus 2.50%, or a LIBOR rate plus 3.50%, and (iii) from twelve months after the funding date of the Bridge Loans until repayment of the Bridge Loans, either a base rate plus 3.00% or a LIBOR rate plus 4.00%.
+Added: The Bridge Loan Facility will mature on the date that
+Added: is 364 days after the funding date of the Bridge Loans, with two automatic extensions, each for an additional three months, if the spin-off transaction has not been declared effective.
+Added: The proceeds of the Bridge Loan Facility were used to redeem J2’s 3.25% Convertible Senior Notes due 2029.
We cannot ensure that future interest rate movements will not have a material adverse effect on our future business, prospects, financial condition, operating results and cash flows.
13 unchanged sentences
Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows and financial position.
−Removed: Foreign exchange losses for the three months ended March 31, 2021 and 2020 were $0.5 million and $7.8 million, respectively.
−Removed: The decrease in losses to our earnings in the three months ended March 31, 2021 were attributable to lower inter-company balances between periods in foreign subsidiaries that were in functional currencies other than the U.S.
+Added: Foreign exchange gain (losses) for the three months ended June 30, 2021 and 2020 were $(0.9) million and $8.8 million, respectively, and for the six months ended June 30, 2021 and 2020 were $(0.4) million and $(1.1) million, respectively.
+Added: The decrease in losses to our earnings in the three months ended June 30, 2021 were attributable to lower inter-company balances between periods in foreign subsidiaries that were in functional currencies other than the U.S.
Dollar and exchange rate fluctuations.
−Removed: Cumulative translation adjustments, net of tax, included in other comprehensive income for the three months ended March 31, 2021 and 2020 were $(8.4) million and $(8.7) million, respectively.
+Added: Cumulative translation adjustments, net of tax, included in other comprehensive income for the three months ended June 30, 2021 and 2020 were $3.3 million and $(0.2) million, respectively, and for the six months ended June 30, 2021 and 2020 were $(5.2) million and $(8.9) million, respectively.
We currently do not have derivative financial instruments for hedging, speculative or trading purposes and therefore are not subject to such hedging risk.
1 unchanged sentence
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.