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Interest rate agreement

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Interest rate agreement
An agreement whereby one party, for an up-front premium, agrees to compensate the other at specific time periods if a designated interest rate (the reference rate) is different from a predetermined level (the strike rate).
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The $450 million unsecured variable interest rate agreement is comprised of a $250 million revolving loan facility and a $200 million term loan.
Polaris Announces Increase in Share Repurchase Authorization; Enters ... by Business Wire
Following the series 2000 bond issue, BHI entered into a five-year interest rate agreement with a cap of 7% and a floor of 3.
Fitch Upgrades Underlying Rating on Baptist Homes of Indiana Bonds to ... by Business Wire
Debt service on the series 2004 bonds will be synthetically fixed through an interest rate agreement with UBS AG ('AA+', Stable Rating Outlook by Fitch).
Fitch Rts Chesapeake Bay Bridge & Tunnel, Virginia Jr Bds 'BBB', ... by Business Wire
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