Examples of B Term Loan Facility in a sentence
The Target B Term Facility will be subject to quarterly amortization of one-quarter percent (0.25%) of the original principal amount of the Target B Term Loan Facility (collectively, the “Term B Scheduled Amortization”, and together with the Term A Scheduled Amortization, the “Scheduled Amortization”).
A Tranche B Lender Secured Claim is a Secured Claim against Noma Company and its subsidiaries arising under or in connection with the Tranche B Term Loan Facility under the Existing Credit Agreement, which Claim will, subject to the terms and conditions of Section 4.3(b) of the Plan, be deemed Allowed for all purposes of the Plan and the Chapter 11 Case in the aggregate amount of $69 million, which amount equals the enterprise value of Noma Company, less the amount of the BNS Secured Claim.
It is anticipated that the aggregate available amount under the Tranche A Term Loan Facility and the Tranche B Term Loan Facility and approximately $262,000,000 under the Revolving Credit Facility will be drawn on the date of the consummation of the Transactions, (the "Closing Date") and the Multi-Draw Term Loan Facility will be available for drawing for acquisitions after the Closing Date.
Each Tranche B Term Loan Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make available by wire transfer to the Administrative Agent not later than 12:00 noon New York time on the Closing Date, the amount of its Pro Rata Tranche B Term Share of the Tranche B Term Loan Facility then in effect.
No amount of the Tranche B Term Loan repaid or prepaid by the US Borrower may be reborrowed hereunder, and no Borrowing under the Tranche B Term Loan Facility shall be allowed other than the advance set forth in the first sentence of this Section 2.01(b) and any Incremental Tranche B Term Loan advanced as part of any Facilities Increase.
Type and Amount of Facilities: (i) A US$850 million Tranche A Term Loan Facility (the loans thereunder, the “Tranche A Term Loans”) and (ii) a US$450 million Tranche B Term Loan Facility (the loans thereunder, the “Tranche B Term Loans” and together with the Tranche A Term Loans, the “Loans” or the “Facilities) to be documented under a single credit agreement.
Maturity: The final maturity of the Tranche B Term Loan Facility shall be that date which is seven years and six months from the Closing Date.
Senior Facilities: (A) Two Senior Secured Term Loan Facilities in an aggregate principal amount of up to $1,000,000,000 (the "Term Loan Facilities"), consisting of (a) a Tranche A Term Loan Facility in an aggregate principal amount of $550,000,000 (the "Tranche A Facility") to be made available to the Borrower on the Closing Date and (b) a Tranche B Term Loan Facility in an aggregate principal amount of $450,000,000 (the "Tranche B Facility") to be made available to the Borrower on the Closing Date.
This Tranche B Term Loan Facility has not been funded as of December 31, 2019.
The senior secured bank financing referred to above (the "Facilities") will consist of (i) a $200,000,000 seven-year multi-draw term loan facility (the "Multi-Draw Term Loan Facility"), (ii) a $400,000,000 seven-year revolving credit facility (the "Revolving Credit Facility"), (iii) a $150,000,000 seven-year term loan A facility (the "Tranche A Term Loan Facility") and (iv) a $475,000,000 eight-year term loan B facility (the "Tranche B Term Loan Facility").