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Subsequent Event
3 Months Ended
Sep. 30, 2022
Subsequent Event  
Subsequent Event

11. Subsequent Event

In November 2022, we amended our 2021 Credit Agreement to increase the revolving credit facility to a maximum of $310,000 from the previous $250,000. We also adopted SOFR as the reference for the fluctuating rate of interest on the 2021 Revolver, replacing the LIBOR reference rate. All other terms and conditions of the 2021 Credit Agreement were unchanged. We intend to amend the 2021 Term A Loan and the 2020 interest rate swap agreement to adopt SOFR as the interest rate benchmark during the three months ending December 31, 2022. We expect the interest rate swap to remain highly effective and will continue to apply hedge accounting.