LIBOR Floor definition
Examples of LIBOR Floor in a sentence
The New Term Loan B bears interest at LIBOR (Floor of 0.75%) plus an interest rate margin of 2.75%.
As part of the agreements, ENVIA agreed to sell certain parts of the site infrastructure and remove the remaining equipment from the site.
For the Tranche B-2 Term Facility, the minimum interest rate for LIBOR applicable to such facility pursuant to the terms of the Credit Agreement is set at 0.75%, referred to herein as the B-2 LIBOR Floor.
If LIBOR is below this rate, then the LIBOR Floor will be the new LIBOR rate.Minimum Contractual Return: Minimum return expected which is determined by the Spread above LIBOR and the contractual LIBOR Floor applicable to each loan.Other Fees: Original Issue Discount and Call Protection Fees.Original Issue Discount (OID): The discount from par value at the time that the loan is issued.
Loans under the Term Loan Facility bear interest at a rate equal to, at the Borrower’s option, LIBOR, subject to a 1.00% LIBOR Floor or the base rate option (the highest of the Federal Funds rate, prime rate, or one-month Eurodollar rate plus the appropriate spread), in each case, plus an applicable margin of 3.00%.