Examples of New Term Loan Facility in a sentence
The New Term Loan Facility matures on September 17, 2026 (the “Maturity Date”) and amortizes in quarterly installments in aggregate amounts equal to 2.50% of the original principal amount of the New Term Loan Facility, with any outstanding balance due and payable on the Maturity Date.
At June 30, 2022 and December 31, 2021, the Credit Agreement Parties had $166.5 million and $175.5 million of borrowings outstanding under the New Term Loan Facility and $70.0 million and no outstanding borrowings under the New Revolving Credit Facility, respectively.
New Term Loan Facility We entered into a five-year US$4 billion syndicated loan facility in the March quarter.
Following quarter end, we used these proceeds in conjunction with a portion of the proceeds from the previously announced $750 million New Term Loan Facility to redeem our $1,250 million 4.625% Senior Notes due 2022.The RBI Board of Directors has declared a dividend of $0.50 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for the fourth quarter of 2019.
The U.S. federal income tax consequences of such treatment will depend, in part, on whether the holders' Claims, the obligations under the New Term Loan Facility, and the Initial Draw under the New Revolving Credit Facility constitute "securities" forU.S. federal income tax purposes.