Examples of OpCo Group in a sentence
This will allow the OpCo Group to operate and meet its liabilities as they fall due for the foreseeable future.
Additionally, a further repayment of the 1st Lien Debt and an amount of £35 million to fund the liquidity of the OpCo Group will be funded through either an asset backed / other working capital facility of up to £70.5 million on terms to be agreed or a new Super Senior Term Facility to be provided by Lenders.
Doing so helps differentiate between the nominated property and the institution or organization, which may also refer to other properties or reflect a larger cultural or historical sphere.
The Directors acknowledge, however, that the prospects of achieving a restructuring, the actions of DIC and its financial stakeholders, and the ability of the OpCo Group to generate cash to allow it to operate within current and expected facilities, remain uncertain for the reasons set out above.
The Directors believe that there is no reason for DIC or its financial stakeholders to take actions detrimental to the OpCo Group’s ability to continue trading as a going concern and, indeed, are in discussions with DIC’s financial stakeholders and their advisers to seek a consensual transfer of the equity in the OpCo Group as part of the Transaction described above.