Pursuant to a highly confident letter
issued by such bank on October 25, 2013, such bank is highly confident to be able to arrange the Debt Financing, has obtained initial approvals from its credit committees for the Debt Financing and would be able to complete the Debt Financing in a timely and efficient manner.
Perth, Australia, Nov 28, 2011 - (ABN Newswire) - Sundance Resources Limited ('Sundance' or 'the Company') (ASX:SDL) has today received formal notice from Hanlong (Africa) Mining Investment Limited ('Hanlong') that Hanlong will not receive the Highly Confident Letter
from China Development Bank due by 28 November 2011 and requests that Sundance waive the requirement for the letter as a condition precedent for Phase One of the Scheme Implementation Agreement ('SIA') which was signed by both parties on 4 October 2011.
Fursa's proposal is subject to completion of due diligence and was accompanied by a highly confident letter
from a debt financing source that is non-binding and subject to a number of conditions.
today announced that it has obtained a highly confident letter
from Jefferies LLC to arrange for debt financing to fund a $20 per share dividend paid to all shareholders of Cracker Barrel Old Country Store, Inc.
Today we went into a trading halt due to being advised by Hanlong that they will not receive the Highly Confident Letter
, which was a condition of the first phase of the Scheme, by 28 November 2011.
Shepard has provided a highly confident letter
from a respected banker for up to $300,000,000 in financing.
We have been in discussions with China Merchants Bank (the " Bank ") about financing the Acquisition and the Bank has provided the Consortium with a highly confident letter
dated the date hereof, indicating that they are highly confident of their ability to fully underwrite the debt financing for the Acquisition subject to the terms and conditions set out therein.
Coty has also received a highly confident letter
Included among the conditions to the highly confident letter
(which was not a commitment to provide financing) were the completion of the lender's due diligence review of both Upper Deck and Topps, internal bank approvals, the absence of any material adverse change to the business or prospects of Upper Deck or Topps, the receipt of all third party consents, the absence of certain pending litigation and the receipt of certain solvency and other opinions.
This "illusory" offer is backed by a highly confident letter
by a respected investment banker for up to $300,000,000 in financing.
Rick" Sommer, President and CEO of Citation, stated that among the factors considered by the Board of Directors in June when it approved the merger agreement were Kelso & Company's strong business reputation for closing transactions similar to the merger, and the receipt of the highly confident letter
Secured New Highly Confident Letter
for $200 Million of Bond Financing