Examples of Existing Senior Subordinated Notes in a sentence
The Guarantors include all Subsidiaries of the Company that guarantee obligations of the Company under the Credit Agreement, the Existing Senior Subordinated Notes or any other Indebtedness (each as defined in the Indenture).
The proceeds of the Term Loans will be used by the Borrowers (x) on the Restatement Date, to finance, in part, the Existing Term Loan Refinancing and to pay fees and expenses in connection therewith and (y) on the Delayed Draw Funding Date, to redeem the Existing Senior Subordinated Notes.
The Securities and the Subsidiary Guarantees shall be superior in right of payment to the Existing Senior Subordinated Notes and the Guarantees thereof.
The Securities and the Subsidiary Guarantees shall constitute “Senior Indebtedness,” and the Company and the Subsidiary Guarantors hereby designate the Securities and the Subsidiary Guarantees as “Designated Senior Indebtedness” of the Company and the Subsidiary Guarantors, for purposes of the Existing Senior Subordinated Notes Indentures.
Approximately 40% of the amounts outstanding under the Existing Senior Subordinated Notes were redeemed in connection with the IPO and IPO Concurrent Refinancing Transactions.