This
term loan facility has a maturity of eight years.
Nexstar Broadcasting intends to use the net proceeds from the proposed
term loan B and
term loan A facilities, together with the net proceeds from the recent offering of $1,120 million in aggregate principal amount of 5.625% new senior notes due 2027 (the Notes), proceeds from the previously announced station sales and cash on hand to fund the transaction, to fund the repayment of all of Tribunes existing indebtedness, to pay other fees and expenses related to Nexstars acquisition of Tribune and the related refinancing and for general corporate purposes.
The
Term Loan Facility contemplates a single syndicated amortizing term facility, which may have multiple tranches, maturing as early as three years following the funding date.
The TSSP
term loan facility will be available to the company in three tranches:
is the administrative agent and collateral agent for the Credit Facility under which the Replacement
Term Loan B Facility was borrowed.
It aims to use proceeds of such a new
term loan facility, together with a draw under the company's ABL facility, to repay in full all indebtedness outstanding under the existing
term loan facility.
The extensions come as iHeart hasamended the private offers to lenders under itsTerm Loan D and
Term Loan E facilities.
Upon closing, the new Tranche B 2024
Term Loan will bear interest at LIBOR plus 2.25 percent, with a zero percent minimum LIBOR, and will mature on February 22, 2024.
Court of Appeals for the Second Circuit held that JPM's UCC-1 financing statement covering the
term loan collateral was, in fact, terminated even though the UCC-3 termination referencing that UCC-1 was filed by mistake.
The transactions are expected to include the amendment and restatement of Rite Aid's existing revolving credit facility: refinancing of the company's $1.04 billion tranche 2
term loan due in 2013 with the proceeds of a new
term loan coupled with borrowings under the amended revolving credit facility: cash tender offers for Rite Aid's $1.06 billion aggregate principal amount of various senior secured notes and debentures, with the proceeds from new first and/or second lien
term loans, coupled with borrowings under the amended revolver and available cash.
Perth, Australia, Oct 18, 2012 - (ABN Newswire) - Atlas Iron Limited (ASX:AGO) (PINK:ATLGF) is pleased to announce that it has secured a fully underwritten commitment for a funding facility of US$325 million ("
Term Loan") as part of its strategy to grow its North Pilbara iron ore production.
Wholly owned subsidiary of American International Group Inc (NYSE:AIG) and independent aircraft lessor International Lease Finance Corporation (ILFC) on Monday announced that it plans on raising a new senior secured
term loan of USD550m.
