Second Lien Term Loan Facility definition
Examples of Second Lien Term Loan Facility in a sentence
The Senior Facility will be secured by a first lien on the Collateral, and the Second Lien Term Loan Facility will be secured by a second lien on the Collateral.
Debt financing secured for the acquisitions consisted of (i) the Existing First Lien Credit Facilities, which include a $1,095 million term loan facility, $1,092 million of which remains outstanding, and a revolving facility of $95 million, and (ii) the Existing Second Lien Term Loan Facility, which includes a term loan facility of $260 million.
Prior to or contemporaneous with the execution of this Amendment, the lenders party to the Second Lien Term Loan Facility shall have executed a Fourth Amendment to the Second Lien Term Loan Facility in form and substance satisfactory to the Administrative Agent.
The Second Lien Term Loan Facility, to the extent repaid, may not be re-borrowed.
Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Debt in respect of the Second Lien Term Loan Facility or the Senior Subordinated Convertible Notes.