Financing Adjustments. The following adjustments will be made on the Financial Close Date. Such adjustments will be implemented in accordance with the provisions of Exhibit X.
Financing Adjustments. (I) Reflects the preliminary adjustment to cash in connection with the Seller Term Loan and the ABL facility as follows: (in thousands) As of September 30, 2023 Proceeds from the Seller Term Loan and ABL facility (1) $ 150,000 Payment of financing costs (2) (1,500) New deferred debt issuance costs for Credit Agreement Amendment (3) (1,410) Pro forma adjustment $ 147,090
Financing Adjustments. (H) To record additional borrowing drawn by Landsea Homes under its existing revolving credit facility to finance the Antares Acquisition.
Financing Adjustments. (FF) To record the interest expense impact from the additional borrowing referenced in Note (H) as if the draw occurred on January 1, 2023. The interest expense is calculated based on the assumed interest rate of 8.3%. An increase/decrease of 1/8th percent in the interest rate is immaterial for the year ended December 31, 2023.
Financing Adjustments i. To fund the Acquisition, the Company used the proceeds of borrowings under the Amended and Restated Credit Agreement entered into on September 12, 2018, to fund a portion of the purchase price for the Grakon Acquisition and expects to use the proceeds of other borrowings under the Credit Agreement for general corporate purposes. The composition of the borrowings made by Methode are as follows: (in millions) Amount Proceeds: Term A loan $ 250.0 Amended Revolving Credit Facility (1) 65.9 Less: Capitalized debt issuance costs (3.0 ) Total pro forma change in debt outstanding $ 312.9 Net adjustment to Long-term Debt $ 301.0 Net adjustment to Short-term Debt $ 11.9
Financing Adjustments d. Reflects the following adjustments to interest expense resulting from the business combination Financing: (in millions) Amount Drawn Contractual Interest Rate Year Ended April 28, 2018 Three Months Ended July 28, 2018 Increases to interest expense: Term A loan $ 250.0 3.64 % $ 8.9 $ 2.2 Amended Revolving Credit Facility (1) $ 98.0 3.64 % 3.8 1.0 Amortization of capitalized debt issuance costs (0.6 ) (0.1 ) $ 12.1 $ 3.1 Decreases to interest expense: Historical interest expense for Methode for instruments being amended (1) (1.9 ) (0.3 ) Historical interest expense of Grakon for the instruments being repaid (5.6 ) (1.3 ) $ (7.5 ) $ (1.6 ) Pro forma adjustment to interest expense $ 4.6 $ 1.5
Financing Adjustments. (a) In connection with the Merger, Keysight expects to issue $444 million in additional equity (inclusive of the full exercise by the underwriters of their option to purchase 1.6 million shares of Common Stock), which represents the expected proceeds of the offering, net of $16 million in equity offering costs, of the approximately 12 million shares of Common Stock expected to be offered as part of the financing of the Merger. Each $1.00 increase (decrease) in the assumed public offering price of $38.02 per share, the last reported sale price of the Common Stock on March 9, 2017, would (decrease) increase the number of shares of Common Stock to be issued by Keysight by approximately (0.3 million) and approximately 0.3 million, respectively, assuming the aggregate dollar amount of shares of Common Stock offered by Keysight remains the same and after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by Keysight. If the amount of the gross proceeds received from the sale of Common Stock is less than $444 million, we expect to use additional cash or incur additional debt to fund the difference.
Financing Adjustments. (G) Represents incremental interest expense associated with the Debt Financing. The unaudited pro forma financial information reflects an assumed interest rate of 5.750% for the Senior Secured Term Loan B and an interest rate of 7.125% for the notes. The Senior Secured Term Loan B is expected to bear an interest rate of SOFR plus 325 basis points. If the actual annual interest rate of the Senior Secured Term Loan B were to vary by 1/8th of a percent, the pro forma adjustment for interest expense would change by $0.7 million and $0.2 million, respectively, for the year ended December 31, 2021 and the three months ended March 31, 2022, respectively.
Financing Adjustments. (Balance Sheet) In order to fund the Transaction, VimpelCom has arrangements in place to borrow additional amounts of up to US$6.5 billion from Russian and international banks. VimpelCom will utilize a portion of these arrangements to finance the cash portion of the Transaction and to refinance existing debt of OTH and related entities, which have become due upon Closing of the Transaction. The sources and uses of the overall financings are presented below. Table of Contents Sources Uses Bridge loan US$ 1,300 Orascom Telecom Xxxxx X.X. (Luxembourg) US$ 243 Loan participation notes 1,500 Orascom Telecom Holding S.A.E. (Egypt) 1,750 Term loan 2,500 Weather Capital Special Purpose I S.A. (Luxembourg) 607 Orascom Telcom Finance S.C.A. (Luxembourg) 780 Acquisition of Wind Telecom S.p.A. 1,495 Financing of spin-off assets 300 Transaction costs 125 US$ 5,300 US$ 5,300 VimpelCom plans to raise the funds for the financing of the planned Transaction through currently projected borrowings of US$1.3 billion under a US$4.0 billion bridge loan, US$1.5 billion in proceeds from loan participation notes loaned to a Russian subsidiary and a US$2.5 billion term loan. Total expected funds approximate US$5.3 billion. The funds will be mainly used to repay/refinance existing debt per the Share Sale and Exchange Agreement, which totals approximately US$3.4 billion, to pay the US$1.495 billion cash portion of the purchase consideration for the Wind Telecom acquisition, to finance the spin-off assets of approximately US$300 million, and pay approximately US$125 million in debt issue costs, which have been assumed to be capitalized on the balance sheet. Further to the above, US$658 million from the proceeds from the sale of Orascom Telecom Tunisia were used to pay down existing OTH debt. In addition to the above financing and refinancing of the Transaction, Wind Telecom and OTH, certain debt at Wind was refinanced in November 2010, as presented below: Sources Uses Senior term loan A US$ 2,060 Senior term loan A US$ 1,122 Senior term loan B 2,740 Senior term loan B 2,070 2018 High yield 3,688 Senior term loan C 2,070 Second lien 936 2015 high yield 2,059 Transaction costs 231 US$ 8,488 US$ 8,488 Certain of the existing Wind debt was refinanced through approximately US$4.8 billion of senior facilities and approximately US$3.7 billion from high yield bonds. Total new sources of funds approximated US$8.5 billion. The funds described above were used to repay existing debt per the Share ...
Financing Adjustments. (Income Statement) VimpelCom will finance the Transaction with debt and refinance certain existing debt per the Share Sale and Exchange Agreement, as further described in Note 5.
