Examples of Permanent Debt Financing in a sentence
The Permanent Debt Financing is secured by a first lien on and assignment of rents and leases of certain of the Company's properties.
The Permanent Debt Financing provides for a four-year mortgage with interest payable monthly and principal payable at maturity on December 15, 1999, and bears interest at a rate of 6.75% per annum.
Exhibit 8: Maturity Matching A – Current Assets B – Long-term Assets C – Current Liabilities D – Permanent Debt Financing E – Permanent Equity Financing A minus C – Net Working Capital F – Temporary Financing A previous module looked at how trade credit, operating lines of credit, and revolving credit agreements are used to finance increases in NWC.
On December 14, 1995, the Company entered into a long-term, fixed rate mortgage and security agreement for $13,150,000 (the "Permanent Debt Financing").
In January 1996, the Company entered into a long-term, fixed rate mortgage and security agreement for $39,450,000 (the "Permanent Debt Financing").
The Permanent Debt Financing provides for a ten-year loan with principal and interest payable monthly, based on a 17-year amortization, with the balance due in February 2006 and bears interest at a rate of 7.435% per annum.