The final maturity date of the term loans
is September 12, 2021, the firm said.
These new unsecured term loans
prefund all of our 2014 debt maturities with attractively priced capital, extend and stagger our debt maturities and further unencumber the Company's portfolio," said Philip Mays, Chief Financial Officer.
0 million secured term loan
agreement and two $495.
The proceeds from the new term loans
were used to refinance the existing term loans
under Freescale's credit facility and to pay a portion of the related fees and expenses.
The financing was structured as a 15-year term loan
, with 15-year amortization, 65% LTV and a 1.
Therefore, after meeting with a term lender, he negotiated a term loan
for 85 per cent of the purchase price and subordinated debt for the difference.
Under the terms outlined in the solicitation documents, which Travelport Limited's parent company anticipates will be released to lenders tomorrow, holders of Travelport Holdings' unsecured PIK term loans
in aggregate amount of approximately $715.
When AFRs are very low, clients should consider converting their demand loans into term loans
to lock in the low rates.
6 billion and consists of US$976 million of senior term loan
and approximately US$560 million of payment-in-kind (PIK) notes.
Fitch believes credit protection measures could deteriorate further if ACS uses the term loan
accordion feature to support additional share repurchase programs.
5 million of bank term loan
and capitalized interest notes for new 10-1/4 percent senior notes due 2002.
500 million second lien term loan
due 2009 'B-/RR5';