First Lien Term Loan definition

First Lien Term Loan means our amended and restated senior secured first lien term loan facility in an initial principal amount of

First Lien Term Loan means the Term Loan as such term is defined in the First Lien Credit Agreement, as such is amended, modified, supplemented or restated from time to time in accordance with the terms thereof and hereof.

First Lien Term Loan means loans outstanding under the First Lien Credit Agreement.

Examples of First Lien Term Loan in a sentence

• As of December 31, 2023, the Company had $250.0 million of USD-denominated term loans and €134.0 million of euro-denominated term loans outstanding under its First Lien Term Loan facilities, resulting in an Adjusted EBITDA net leverage ratio of 4.6x based on results on a constant currency basis through the fourth quarter of 2023.

• The Third Amendment, among other things, extended the maturity date with respect to the term loans outstanding under the First Lien Term Loan Credit Agreement from February 3, 2024 to February 3, 2027.

• During Q3 2023, includes $25 million associated with the reclassification to interest expense, net from accumulated other comprehensive income (“AOCI”) of historical losses related to certain interest rate swaps for which the Company previously applied hedge accounting but for which the cash flows are probable of not occurring as a result of the partial redemption of the Company’s First Lien Term Loan due 2026.

• The First Lien Term Loan is subject to certain affirmative and negative covenants but no financial covenants.

• First Lien Term Loan (SOFR + 5.25%), 10.71%, 12/21/2028(1)570519Employbridge Holding Co. Term Loan B (SOFR + 4.75%), 10.41%, 7/19/2028(1)1,4801,206New SK Holdco Sub LLC Term Loan (SOFR + 6.75%), 12.21%, 6/30/2027(1)501495 2,220Commercial Services & Supplies - 5.4% Neptune BidCo US, Inc.

More Definitions of First Lien Term Loan

First Lien Term Loan means the Company's senior secured first lien term loan facility;

First Lien Term Loan means the term loans under the First Lien Credit Agreement.

First Lien Term Loan as defined in Section 2.1.

First Lien Term Loan means that certain first lien term loan governed by that certain credit agreement dated as of [·] by and among the Company, the Subsidiary Guarantors named therein and [·] as administrative agent.

First Lien Term Loan means the Senior Secured First Lien Term Loan due 2021 issued under the First Lien Term Loan Credit Agreement.

First Lien Term Loan means that certain prepetition first lien term loan facility due 2025, provided for under the First Lien Credit Agreement.

First Lien Term Loan means the term borrowing in an amount, not to exceed an initial amount of $120 million, on the terms and conditions set forth in the First-Lien Term Loan Agreement.