Examples of Term Loan A-2 Facility in a sentence
The transaction, valued at US$200 million, subject to a post-closing net working capital adjustment, was financed through a combination of cash on hand, a draw-down on the existing Revolving Facility of US$90 million and US$100 million of borrowings under a new Term Loan A-2 Facility issued under the First Lien Credit Facilities.
In addition to the fixed amortization schedule, the Term Loan A-2 Facility is subject to a prepayment percentage of excess cash flow generated during the prior fiscal year which may reduce the quarterly fixed amortization schedule, consistent with that of the Term Loan A.
Pursuant to the amendment, an incremental Term Loan A-2 Facility in an amount of US$100 million was issued for net proceeds of US$98.3 million ($128.6 million) net of transaction costs of US$1.7 million ($2.2 million).
The Term Loan A-2 Facility matures on September 3, 2019 and is subject to a quarterly fixed amortization schedule.
The column labeled FY18 Proposed Update is what is being proposed now.
Also on June 28, 2022, the Company borrowed the entire $600 million under Term Loan A-3 Facility to fund the repayment of the Term Loan A-2 Facility.
The transaction, valued at US$200 million, excluding post-closing net working capital adjustment of US$1.3 million, was financed through a combination of cash on hand, a draw-down on the existing Revolving Facility of US$90 million and US$100 million of borrowings under a new Term Loan A-2 Facility issued under the First Lien Credit Facilities.
Notwithstanding anything herein to the contrary, the entire outstanding principal balance of the Term Loan A-2s shall be due and payable in full in cash on the Maturity Date with respect to the Term Loan A-2 Facility.
The final maturity date of any Tranche of Incremental Term Loans shall be no earlier than the Maturity Date with respect to the Term Loan A-1 Facility; provided that, if the Maturity Date with respect to the Term Loan A-2 Facility is equal to or less than five years from the initial funding date of such Tranche of Incremental Term Loans, the final maturity date of such Tranche of Incremental Term Loans shall also be no earlier than the Maturity Date with respect to the Term Loan A-2 Facility.
The transaction, valued at US$200 million, excluding a post-closing net working capital adjustment of US$1.3 million, was financed through a combination of cash on hand, a draw-down on the existing Revolving Facility of US$90 million and US$100 million of borrowings under a new Term Loan A-2 Facility issued under the First Lien Credit Facilities.