New Senior Secured Credit Facilities. In connection with the Refinancing Transactions, Petro Operating will replace its existing Senior Secured Credit Facilities arranged by Banc of America Securities LLC with Bank of America, N.A. as syndication agent and Xxxxx Fargo, N.A. as administrative agent in an aggregate principal amount of $50 million, consisting of a three year revolving credit facility of $25 million and a four year term loan facility of $25 million. Proceeds of the loans under Petro Operating’s new Senior Secured Credit Facilities will be used to provide additional financing to effect the Refinancing Transactions, to pay fees and expenses relating to the Refinancing Transactions, and for general corporate and working capital purposes. The new Senior Secured Credit Facilities are more fully described in the Offering Memorandum.
Appears in 4 contracts
Samples: Indemnification & Liability (Petro Stopping Centers L P), Indemnification & Liability (Petro Stopping Centers L P), Indemnification & Liability (Petro Stopping Centers L P)
