30% commitment fee on any unused amounts under the revolving credit
facility will be made and as of 11 August 2017, the company had USD60m borrowed on the term loan and USD10m on the revolving credit
The company's unsecured revolving credit
facility has a maturity date of 18 September 2018 and includes a one year extension option.
The 2011 Revolving Credit
Facility continues to be guaranteed and secured by the same collateral package and guarantees that secured the prior revolving credit
facility, including being supported by, among other things, guarantees from Revlon, Inc.
Finally, immediately after the company closure of the refinancing, it has USD346m of outstanding borrowings under the new credit facility and the available borrowing capacity under the new revolving credit
facility, net of outstanding letters of credit, is about USD454m, it mentioned.
The company stated that the 2011 revolving credit
facility continues to be guaranteed and secured by the same collateral package and guarantees that secured the prior revolving credit
facility, including being supported by, among other things, guarantees from Revlon Inc and, subject to certain limited exceptions, RCPC's domestic subsidiaries.
23, 2006, the company replaced its existing $800 million unsecured revolving credit
facility with an amended $800 million secured revolving credit
The amended floor plan facility and new revolving credit
facility provide FreedomRoads with the flexibility and capacity to continue to execute our operating strategy," said Roger Nuttall, Executive Vice President and Chief Financial Officer of FreedomRoads.
The revolving credit
facility is initially scheduled to mature on May 1, 2009.
In connection with this tender offer and consent solicitation, the Company entered into a new senior secured credit facility, consisting of a five-year, $150 million revolving credit
facility and a six-year, $75 million term loan with J.
The new facility, which includes more favorable pricing and flexibility, is a five-year $335 million Term Loan A and a five-year $500 million revolving credit
s (TDI) senior secured revolving credit
facility and senior secured first lien term loan upon closing.
The new facilities consist of a seven-year $900 million term loan facility, which was fully drawn at closing, and a five-year $200 million revolving credit
facility, which was undrawn at closing.