Examples of Senior Facility Agreement in a sentence
The Group used the cash obtained from new bond issues and the renegotiation of new senior facilities maturing in 2018 (700 million euro), and a part of the consideration from the sale of Galata SpA ( 500 million euro), to refinance the current Senior Facility Agreement, with the repayment of balance of the tranche at March 30, 2015 by an amount of €1,782 million.
The RBL Senior Facility Agreement comprises two facilities—a facility of up to $105.0 million with EBRD and the Black Sea Trade and Development Bank as lenders and a $75.0 million facility pursuant to which the Export-Import Bank of Romania Eximbank SA and Banca Comerciala Intesa Sanpaolo Romania S.A. (with 95% insurance cover from the Romanian ECA) as lenders.
The renegotiated Senior Facility Agreement contains new financial covenants which the Group must test if the amount drawn down from the Revolving Credit Facility (“RCF”) exceeds 35% of the total.
See "Description of the Senior Facility Agreement" for further information.
Many of the principal terms (other than obligors, facility amounts, margin and fees) of the Mezzanine Facility Agreement are substantially the same as the principal terms of the Senior Facility Agreement.