Term Loan B definition

Term Loan B has the meaning set forth in Section 2.2(b).

Term Loan B as defined in Section 2.1.

Term Loan B has the meaning assigned to it in Section 1.1(b)(i).

Examples of Term Loan B in a sentence

• The Merger is expected to be financed with cash and USD 5.35 billion of new permanent debt facilities, comprised of a combination of Term Loan A and Term Loan B at a blended interest rate of approximately 2%, with other existing indebtedness of NortonLifeLock with upcoming maturities anticipated to be refinanced prior to completion.

• As referenced in the press release, we intend to fund the acquisition through $2 billion in new Term Loan B Debt, $450 million of Crocs shares issued to Xx. Xxxxxx, and $50 million from our Senior Revolving Credit Facility.

• From an interest rate perspective, we’re still working through finalizing our Term Loan B and the interest rate which we will come out with, but I expect it to be close to around what we have on our current debt for our high-yield bonds, maybe a little less.

• The purpose of the Term Loan B is to provide funds from the Closing Date to the Funding End Date for Borrower’s purchase of food processing, packaging, warehouse, and other related equipment to be further defined with specific invoices, including accessories and replacements relating thereto.

• Each Borrower will use the proceeds of the Term Loan A and the Term Loan B for the Borrowers’ working capital and general corporate purposes.

More Definitions of Term Loan B

Term Loan B means, collectively, the loans made by the Term Loan B Lenders to the Borrowers on the Closing Date pursuant to Section 2.01(a)(iii).

Term Loan B shall have the meaning set forth in Section 2.6 hereof.

Term Loan B means the loan made pursuant to the Term Loan B Facility.

Term Loan B means the Loan granted to Borrowers by the Term Loan B Lenders in accordance with Section 2.1C hereof.

Term Loan B means the advances made pursuant to subsection 2.1(A)(2).

Term Loan B has the meaning specified therefor in Section 2.2 (b) of the Agreement.

Term Loan B shall have the meaning specified in subsection 2(c) hereof.