Item 3. Quantitative and Qualitative Disclosures About Market Risk

As of September 30, 2022, our long-term debt totaled $7.34 billion. We have no interest rate exposure to rate changes on our fixed rate debt, which totaled $6.37 billion as of September 30, 2022. We have interest rate exposure with respect to the $972.1 million of our variable interest rate debt outstanding under our Revolving Credit Facility as of September 30, 2022. A 50-basis point increase in interest rates would impact our expected annual interest expense for the next 12 months by approximately $4.9 million.

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