Term Loan B definition

Term Loan B has the meaning set forth in Section 2.2(b).

Term Loan B has the meaning assigned to it in Section 1.1(b)(i).

Term Loan B means, collectively, the loans made by the Term Loan B Lenders to the Borrowers on the Closing Date pursuant to Section 2.01(a)(iii).

Examples of Term Loan B in a sentence

• Each such prepayment of the Term Loans in clause (i) above shall be applied against the remaining installments of principal of the Term Loans in the inverse order of maturity and on a pro rata basis to Term Loan A and Term Loan B.

• Term Loan B is set to LIBOR plus 2.00% subject to a floor of 0.50%.

• The Credit Agreement provided for the following three components.• $1.10 billion term loan facility ("Term Loan A") which matures on May 28, 2026;• $400.0 million term loan facility ("Term Loan B") which matures May 28, 2028; and• $600.0 million revolving credit facility ("Revolver") which matures May 28, 2026.

• The company is however currently exploring opportunities to capture lower cash interest rates for some or all of the Term Loan B via derivative instruments.

• As contemplated, the periodic interest rate of the Term Loan B is expected to be the LIBOR base rate plus a 2.25% spread.

More Definitions of Term Loan B

Term Loan B has the meaning specified therefor in Section 2.01(a)(ii).

Term Loan B has the meaning specified in Section 2.01(b).

Term Loan B shall have the meaning set forth in Section 2.5(a).

Term Loan B means the loan made pursuant to the Term Loan B Facility.

Term Loan B has the meaning specified therefor in Section 2.2 (b) of the Agreement.

Term Loan B shall have the meaning assigned to it in Section 1.2(d).

Term Loan B means the $250.0 million senior secured term loan B made pursuant to the Term Loan B Credit Agreement.