Examples of LIBOR in a sentence
The credit facility bears interest at a rate per annum approximately equal to prime, and/or bankers’ acceptance rate plus an applicable margin, and LIBOR rate plus an applicable margin.
Borrowings under the credit facility are primarily made in the form of LIBOR and bankers’ acceptances, therefore, cash flows are impacted by changes in these underlying interest rates.
Amounts drawn on the Amended Senior Facility incur interest at the bank’s Canadian prime rate or US base rate plus an applicable pricing margin ranging from 0.75% to 2.25%, or the Canadian Bankers Acceptance rate or the US LIBOR rate plus an applicable pricing margin ranging from 1.75% to 3.25%.
Borrowings under the credit facility bear interest at fixed and floating rates based on Canadian and U.S. prime bank rates, banker’s acceptances or LIBOR.
Public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of LIBOR.