Examples of Term B-6 Loan in a sentence
The Term Commitment of each Term B-6 Lender with a Term B-6 Loan Commitment shall terminate on the Term B-6 Loan Commitment Termination Date.
Xxxx XXXXX # 00000XXX0 Term B-2 Loan CUSIP # 00000XXX0 Term X-0 Xxxx XXXXX # 00000XXX0 Term B-4 Loan CUSIP # 00000XXX0 Term B-5 Loan CUSIP # 00000XXX0 2016-1 Term X-0 Xxxx XXXXX # 00000XXX0 2016-1 Term X-0 Xxxx XXXXX # 00000XXX0 Term B-6 Loan CUSIP # 00000XXX0 TABLE OF CONTENTS Page SECTION 1.
The Borrower agrees to pay or reimburse the Administrative Agent and the Term B-6 Loan Arranger for all reasonable costs and expenses of the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this First Amendment.
The table below provides a summary of the key terms of our Senior Secured Credit Facilities and Senior Notes:Amount Outstanding Senior Secured Credit Facilities Our obligations under the Term Loans are guaranteed by (i) our existing and future U.S. wholly-owned restricted subsidiaries, in the case of the Term B-3 Loan, Term B-5 Loan, Term B-6 Loan and the Revolving Credit Facility and (ii) our existing and future wholly-owned restricted subsidiaries, in the case of the Term B-4 Loan and Term B-7 Loan.
The acquisition was funded primarily with the proceeds from the issuance of our Incremental Term B-6 Loan, which closed concurrently with the closing of the transaction.
The proceeds from the Term B-6 Loan and an incremental borrowing of $274.2 million under the North American ABL Facility were used to repay in full previously incurred term loan debt and satisfy related lending and refinancing fees.
The pro forma adjustment related to the incremental Term B-6 Loan is based on $3,100 million loan issued at 2.75% over a seven-year term, offset by $43.6 million debt issuance costs and $7.8 million of original issue discount.
A change of 1/8% in the interest rate on the incremental Term B-6 Loan would result in a change in interest expense of $3.8 million and $2.9 million for the year ended December 31, 2020 and nine months ended September 30, 2021.
See Note 10, “Debt,” for additional information about our Incremental Term B-6 Loan.
On December 1, 2021 TransUnion entered into an incremental Term B-6 Loan in connection with the acquisition of Neustar.