Item 3. Quantitative and Qualitative Disclosures about Market Risk.
1K characters. Original on sec.gov · Markdown
Item 3. Quantitative and Qualitative Disclosures about Market Risk.
There were no material changes to our quantitative and qualitative disclosures about market risk during the nine months ended September 30, 2022. Refer to the information on financial market risk related to changes in interest rates and currency exchange rates in Item 7A. Quantitative and Qualitative Disclosures About Market Risk of Part II of our 2021 Annual Report. Our primary exposure to market risk relates to unfavorable changes in concentration of credit risk, interest rates and currency exchange rates. As described further in Note 10 of the Notes to Condensed Consolidated Financial Statements in Item 1. Financial Statements of Part I of this Quarterly Report, in August 2022 we entered into an amendment to our senior credit
facility that, among other things, established Term SOFR as the benchmark rate for borrowings under our senior credit facility (from LIBOR).
Previous: Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. · Next: Item 4. Controls and Procedures.