Examples of Acquisition Facility in a sentence
Borrowings under the Aircraft Acquisition Facility are secured by (i) the equity ownership and beneficial interests in B&B Air Acquisition and its subsidiaries, and (ii) a security interest in the underlying aircraft and related leases.
The Company uses interest rate swap contracts to hedge variable interest payments due on (i) the Notes and (ii) borrowings under the Aircraft Acquisition Facility, associated with aircraft under fixed rate rentals.
The cash paid for acquisitions was financed primarily with the HOLP Senior Revolving Acquisition Facility.
In addition to the cash balances, we have a $25 million Revolver available to be drawn to meet ongoing working capital requirements and $20 million (uncommitted) remaining on the Acquisition Facility for acquisitions.
The Acquisition Facility was drawn for $30 million in January 2020 for the acquisition of Gastrofix.