Examples of Bridge Facility Agreement in a sentence
Syndicated Credit Facility SNC-Lavalin will draw down approximately £350 million under its existing C$4.25 billion Syndicated Credit Facility backstopped by a £400 million unsecured bridge credit facility with a syndicate of NorthAmerican banks (see Bridge Facility Agreement) to fund in part the cash consideration payable by SNC-Lavalin Bidco and such funds will be made available to it by way of an inter-company loan.
In addition, under the terms of the Bridge Facility Mandate Letter, the Bridge Facility Agreement will contain the same restrictions.
On 30 March 2020 Worldline entered into a mandate letter providing the terms and conditions under wich a pool of banks commit to enter into a Bridge Facility Agreement upon Company's requrest for an amount of €2.6 billion and for a one-year maturity (with options for extension) in order to finance the contemplated acquisition of Ingenico as announced on 3 February 2020.
Given that the third party debt is denominated in JPY and the cash consideration payable to Dialog Shareholders in connection with the Acquisition is to be denominated in EUR, Renesas has specific measures in place to mitigate against JPY/EUR currency fluctuations between the date of the Bridge Facility Agreement and the time of payment of the cash consideration.
The Issuer applied the repayment proceeds of the existing intercompany indebtedness owed to it by SWS among other things: (i) to repay its then existing indebtedness to SWI, (ii) to pay all amounts outstanding under the term facility of the Bridge Facility Agreement and (iii) to meet certain transaction fees and expenses.