Examples of Senior Secured Notes in a sentence
As of the Petition Date, $350 million in principal amount of WLB Senior Secured Notes was outstanding.
Total payments of US$33,333,000 (US$16,667,000 for each of the Series A and Series B Senior Secured Notes) are required on each of June 26, 2021 and 2022, with the balance due on June 26, 2023 for the Series A and B Senior Secured Notes.
The PIK Notes and the related guarantees are secured by the collateral on a junior priority basis to the Senior Secured Facilities, the First Lien Notes, the Senior Secured Notes, the 1.5 Lien Notes and other related obligations.
On 19 March 2014, CEVA issued $325 million aggregate principal amount of 9.0% Senior Secured Notes due 2021 (the "1.5 Lien Notes").
Except under limited circumstances, if at any time the Senior Secured Facilities, the First Lien Notes, the Senior Secured Notes and the 1.5 Lien Notes cease to be in effect, the liens securing the PIK Notes will also be released and the notes will become unsecured senior obligations.