Installments of interest on the 2025 Senior Notes for which the Redemption Date is after a Regular Record Date and on or before the following Interest Payment Date shall be payable to the Holders of such 2025 Senior Notes registered as such at the close of business on the Regular Record Date therefor.
The Redemption Price for any redemption of 2025 Senior Notes on or after July 29, 2025 (3 months prior to the maturity date) shall be equal to 100% of the principal amount of the 2025 Senior Notes to be redeemed, plus accrued and unpaid interest on such principal amount of such 2025 Senior Notes to, but excluding, the Redemption Date.
Under the terms of the exchange, the company paid a premium of $53 million to holders participating in the exchange, and the $53 million premium will be amortized over the life of the new 51/2% 2025 Senior Notes.
Recorded as restricted cash as of December 31, 2016.· June 2016 - Amended credit agreement (Third Amendment) to increase revolver capacity by $75 million, and add a $2.0 billion Tranche C Term Loan, which was effective upon the Delta Transaction Closing Date.· October 2016 - Issued $750 million of the 2025 Senior Notes through a private placement.· November 2016 - Sold our 50% interest in the Elwood Facility for $173 million.
If the maturity date of the 2025 Senior Notes falls on a day that is not a Business Day at the applicable Place of Payment, the payment of interest and principal may be made on the next succeeding Business Day at such Place of Payment, and no interest on such payment will accrue for the period from and after the maturity date.
More definitions of 2025 Senior Notes
2025 Senior Notes means $400,000,000 aggregate principal amount of 5.750% Senior Notes due 2025 to be issued by Dana Financing Luxembourg S.á.r.l. pursuant to that certain Indenture to be dated as of April 14, 2017.