Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🔴 No Match in Current Filing Severity6/10Det 6

Variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.

This section from the 2025 filing does not have a high-confidence textual match in the 2026 filing. It may have been removed, merged, or substantially reworded.

Certain of our borrowings, primarily borrowings under our senior credit facilities, are at variable rates of interest and expose us to interest rate risk. As of December 31, 2024, we had $635 million of variable rate debt outstanding. When interest rates increase, our debt…

View 2025 text

Certain of our borrowings, primarily borrowings under our senior credit facilities, are at variable rates of interest and expose us to interest rate risk. As of December 31, 2024, we had $635 million of variable rate debt outstanding. When interest rates increase, our debt service obligations on the variable rate indebtedness increase even though the amount borrowed remains the same, and could negatively impact our net income absent any derivative instruments. From time to time, we may execute derivative instruments to reduce interest rate volatility, subject to acceptable terms. We cannot assure you we will enter into such derivative instruments in the future or that such instruments will be effective.

🟡 Modified Issues relating to the use or capabilities of AI, including social, ethical, and safety issues, in hardware, software, and services offerings may result in reputational harm, liability, or increased costs. 🔒

🔴 No Match in Current Filing Restrictive covenants under our senior credit facilities and, to a lesser degree, our indentures may adversely affect our operations and liquidity. 🔒

🔴 No Match in Current Filing Failure to maintain the ratings assigned to our debt securities by rating agencies may increase our future borrowing costs and reduce our access to capital. 🔒

🔴 No Match in Current Filing We and our subsidiaries may be able to incur substantially more debt, including secured debt. This could further increase the risks associated with our leverage. 🔒

🔴 No Match in Current Filing Anti-takeover provisions in our charter documents and Delaware law might discourage or delay acquisition attempts for us that may be considered favorable. 🔒

🔴 No Match in Current Filing There can be no assurance that we will continue to pay dividends on our common stock or repurchase any of our common stock under our share repurchase program. 🔒

🔴 No Match in Current Filing We are a holding company and rely on dividends, distributions and other payments, advances and transfers of funds from our subsidiaries to meet our obligations. 🔒

🟡 Modified Our common stock price may be volatile and may decline regardless of our operating performance, and holders of our common stock could lose a significant portion of their investment. 🔒

🟡 Modified We could be exposed to additional costs and risks if we continue to make strategic investments or acquisitions or enter into joint ventures or alliances. 🔒

🟡 Modified Our level of indebtedness and obligations pursuant to the agreements and instruments reflecting our indebtedness could adversely affect our business, results of operations, and cash flows. 🔒

🟡 Modified Substantial competition could reduce our market share and significantly harm our financial performance. 🔒

🟡 Modified Our future operating results may fluctuate significantly due to the volatility and rapidly changing state of the technology industry, which may result in volatility in the market price of our stock and could impact our ability to operate our business effectively. 🔒

12 more changes in this filing

Full diff access, historical comparisons, and cross-company signal tracking.

Get full access — from $29/month Already a Pro subscriber? View full diff →