Examples of Incremental Term Loan B in a sentence
The 2020 Incremental Term Loan B Facility was issued with original issue discount with an issue price of 97.00%.
In connection with the issuance of the Incremental Term Loan B Facility, Valeant incurred approximately $26.2 million in fees, which have been recognized as debt issue discount, which resulted in the net proceeds of $973.8 million.
To record the following debt-related adjustments: (In thousands) Year Ended December 31, 2012 (a) In connection with the Medicis Acquisition, Valeant obtained $2.75 billion in financing through a syndication of the Incremental Term Loan B Facility of $1.0 billion and the issuance of the 2020 Senior Notes in the aggregate principal amount of $1.75 billion.
The proceeds from the issuance of the Incremental Term Loan B Facility and the 2020 Senior Notes were utilized to fund (i) the Medicis Acquisition, (ii) Medicis’ obligation to pay the conversion consideration with respect to, or repurchase, the Medicis convertible Senior Notes, and (iii) transaction costs and expenses.
The outstanding principal amount of the Incremental Term Loan B Facility will be payable in equal quarterly amounts of 1% per annum with the remaining balance due at the maturity of the Incremental Term Loan B Facility.
Allylic carbonates could be made from commercially available allylic alcohols and various allylic alcohols could be easily accessed via reduction of a,b-unsaturated aldehydes or from vinyl magnesium bromide Grignard additions to aldehydes (see ESI† for details).
The proceeds from the issuance of the Incremental Term Loan B Facility and the 2020 Senior Notes were utilized to fund (i) the Medicis Acquisition, (ii) Medicis’ obligation to pay the conversion consideration with respect to, or repurchase, the Medicis convertible senior notes, and (iii) transaction costs and expenses.
The Incremental Term Loan B Facility has a maturity of 7 years and bore interest at a rate of 4.25%.
Approximately $6.2 million of debt issuance costs was incurred in connection with the Incremental Term Loan B Facility and will be amortized using the effective interest method.
In connection with the Term Loan B Repricing Transaction, the Company recognized a loss on extinguishment of debt of $21.4 million in the three-month period ended March 31, 2013, of which $14.4 million of the loss related to the extinguishment of the Incremental Term Loan B Facility.