Examples of Term Loan Refinancing in a sentence
If a Term Loan Refinancing has occurred and all of the outstanding Shares of Series B Preferred are not redeemed on or prior to the first anniversary of such Term Loan Refinancing, then the Dividend Rate shall be increased by 1.0% per annum until the date all of the outstanding Shares of Series B Preferred are redeemed.
The “As Adjusted” amount reflects the prepayment in full of Term Loan Facility F in connection with the Term Loan Refinancing.
The increase in cash flows from financing activities of $255.7m was driven by $247.5m of higher gross borrowings due to the Term Loan Refinancing Amendment and $38.7m of payments for the purchase and cancellation of subordinate voting shares in fiscal 2020.
Nothing herein contained shall be construed as a substitution or novation, or a payment and reborrowing, or a termination, of the Obligations outstanding under the Existing Credit Agreement or instruments guaranteeing or securing the same (except as otherwise expressly provided with respect to the Existing Term Loan Refinancing), which shall remain in full force and effect, except as modified hereby or by instruments executed concurrently herewith.
Each of the 2019 Revolving Commitments Refinancing and the 2019 Term Loan Refinancing shall have been consummated, or substantially simultaneously with the borrowing under the 2019 Additional Term Facilities shall be consummated.