Its debt also includes the $200 million revolving credit facility
The company said this facility will be used by the company to refinance the existing EUR100m multicurrency revolving credit facility
that was signed on 31 March 2011 and for general corporate purposes.
The company has received the revolving credit facility
from East West Bank.
This unsecured revolving credit facility
raises the company's borrowing capacity to USD400m from the USD200m as well as provides an accordion feature allowing for an additional USD350m of capacity, subject to customary terms and conditions, resulting in a maximum borrowing capacity of USD750m.
Proceeds from the revolving credit facility
have been utilised to repay the remaining balance of an existing $500 million syndicated facility which matured at the end of August 2013, according to a press release.
According to the company, this new agreement will replace a prior revolving credit facility
agreement of the same amount, which had remained unused.
BANKING AND CREDIT NEWS-December 5, 2018-Atlanticus closes revolving credit facility
with JPMorgan Chase Bank
Gray Television announced that it is proposing, subject to market and other conditions, to replace its existing priority revolving credit facility
with a new pari passu five-year revolving credit facility
, amend its current term loan, and incur up to $2.15B of additional term loans under its senior credit facility.
The new credit facility amends and restates the company's prior credit agreement and, (i) extends the maturity date to May 30, 2019 (which date may be accelerated in certain cases); and (ii) replaces the existing revolving credit facility
and credit-linked facility with a revolving credit facility
in an aggregate principal amount of up to USD200.0m and a term loan facility in an aggregate principal amount of up to USD100.0m, among other things.
Pharmaceutical company Teva Pharmaceutical Industries Ltd (NYSE:TEVA) revealed on Tuesday the execution of a new five-year, USD3.0bn unsecured revolving credit facility
MarkWest Energy Partners LP (MarkWest) (NYSE:MWE), a master limited partnership engaged in the gathering, transportation, and processing of natural gas; the transportation, fractionation, marketing, and storage of natural gas liquids; and the gathering and transportation of crude oil, has executed a new USD700m senior secured revolving credit facility
with a syndicate of banks.