Interest Rate Swap Risk Assessment

Consider a company that has entered into an interest rate swap where it receives a fixed rate of 5% and pays a floating rate based on LIBOR. The notional amount of the swap is $10 million, with semiannual payments and a remaining duration of 3 years.

At the current point in time, the market expects LIBOR rates to rise over the next few years. If the current LIBOR rate is at 4% and is projected to increase steadily, what is the primary risk that this company faces in this interest rate swap?