Secured Term Loan. Debt The obligations of the Debtors for a $850,000,000 term loan facility (the “Secured Term Loan Debt”) under that certain Credit Agreement, dated as of May 31, 2018, by and among the Debtors and the lenders party thereto (the “Credit Agreement,” the term loan claims thereunder, the “Secured Term Loan Claims,” and the holders thereof, the “Secured Term Loan Lenders”). Secured Revolving Loan Debt The obligations of the Debtors for a $120,000,000 revolving credit facility (the “Secured Revolving Loan Debt”) under the Credit Agreement (the revolving loan claims thereunder, the “Secured Revolving Loan Claims” and the holders thereof, the “Secured Revolving Loan Lenders” and the Secured Term Loan Claims and the Secured Revolving Loan Claims together, the “Secured Loan Claims” and the Secured Term Loan Lenders and the Secured Revolving Loan Lenders together, the “Secured Loan Lenders”). Senior Notes The obligations of the Debtors under that certain Indenture, dated as of May 30, 2014 (the “Senior Notes Indenture”), by and among the Debtors and the indenture trustee party thereto (the claims thereunder, the “Senior Notes Claims,” the holders thereof, the “Senior Noteholders”), with respect to $500,000,000 aggregate principal amount of 8.000% Senior Notes due 2022 issued by 24 Hour Fitness Worldwide, Inc. as successor by merger to 24 Hour Holdings III LLC. General Unsecured Claims All general unsecured claims against any Debtor, including claims arising from the rejection of unexpired leases or executory contracts by any Debtor and the Senior Notes Claims. Parent Equity Interests The equity interests in Parent held by Non-Debtor Topco which represent 100% of the existing equity interests in Parent (the “Parent Equity Interests”). Exit Facility Upon the Effective Date, the Reorganized Company1 and certain holders of DIP Facility Claims shall enter into an Exit Facility on the terms set forth in the term sheet attached hereto as Exhibit 1 (the “Exit Facility Term Sheet”) and otherwise on terms satisfactory to the Requisite Consenting Creditors, and set forth in the definitive documents to be included in the Plan Supplement.
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Samples: Restructuring Support Agreement, Restructuring Support Agreement
Secured Term Loan. Debt The obligations of the Debtors for a $850,000,000 term loan facility (the ““ Secured Term Loan Debt”) under that certain Credit Agreement, dated as of May 31, 2018, by and among the Debtors and the lenders party thereto (the ““ Credit Agreement,” the term loan claims thereunder, the ““ Secured Term Loan Claims,” and the holders thereof, the ““ Secured Term Loan Lenders”). Secured Revolving Loan Debt The obligations of the Debtors for a $120,000,000 revolving credit facility (the ““ Secured Revolving Loan Debt”) under the Credit Agreement (the revolving loan claims thereunder, the ““ Secured Revolving Loan Claims” and the holders thereof, the ““ Secured Revolving Loan Lenders” and the Secured Term Loan Claims and the Secured Revolving Loan Claims together, the ““ Secured Loan Claims” and the Secured Term Loan Lenders and the Secured Revolving Loan Lenders together, the ““ Secured Loan Lenders”). Senior Notes The obligations of the Debtors under that certain Indenture, dated as of May 30, 2014 (the ““ Senior Notes Indenture”), by and among the Debtors and the indenture trustee party thereto (the claims thereunder, the ““ Senior Notes Claims,” the holders thereof, the ““ Senior Noteholders”), with respect to $500,000,000 aggregate principal amount of 8.000% Senior Notes due 2022 issued by 24 Hour Fitness Worldwide, Inc. as successor by merger to 24 Hour Holdings III LLC. General Unsecured Claims All general unsecured claims against any Debtor, including claims arising from the rejection of unexpired leases or executory contracts by any Debtor and the Senior Notes Claims. Parent Equity Interests The equity interests in Parent held by Non-Debtor Topco which represent 100% of the existing equity interests in Parent (the ““ Parent Equity Interests”). Exit Facility Upon the Effective Date, the Reorganized Company1 and certain holders of DIP Facility Claims shall enter into an Exit Facility on the terms set forth in the term sheet attached hereto as Exhibit 1 (the ““ Exit Facility Term Sheet”) and otherwise on terms satisfactory to the Requisite Consenting Creditors, and set forth in the definitive documents to be included in the Plan Supplement.
Appears in 1 contract
Samples: Restructuring Support Agreement
Secured Term Loan. Debt The obligations of the Debtors for a $850,000,000 term loan facility (the ““ Secured Term Loan Debt”) under that certain Credit Agreement, dated as of May 31, 2018, by and among the Debtors and the lenders party thereto (the “Credit Agreement,” the term loan claims thereunder, the “Secured Term Loan Claims,” and the holders thereof, the “Secured Term Loan Lenders”). Secured Revolving Loan Debt The obligations of the Debtors for a $120,000,000 revolving credit facility (the “Secured Revolving Loan Debt”) under the Credit Agreement (the revolving loan claims thereunder, the “Secured Revolving Loan Claims” and the holders thereof, the “Secured Revolving Loan Lenders” and the Secured Term Loan Claims and the Secured Revolving Loan Claims together, the “Secured Loan Claims” and the Secured Term Loan Lenders and the Secured Revolving Loan Lenders together, the “Secured Loan Lenders”). Senior Notes The obligations of the Debtors under that certain Indenture, dated as of May 30, 2014 (the “Senior Notes Indenture”), by and among the Debtors and the indenture trustee party thereto (the claims thereunder, the “Senior Notes Claims,” the holders thereof, the “Senior Noteholders”), with respect to $500,000,000 aggregate principal amount of 8.000% Senior Notes due 2022 issued by 24 Hour Fitness Worldwide, Inc. as successor by merger to 24 Hour Holdings III LLC. General Unsecured Claims All general unsecured claims against any Debtor, including claims arising from the th e rejection of unexpired leases or executory contracts by any Debtor and the Senior Notes Claims. Parent Equity Interests The equity interests in Parent held by Non-Debtor Topco which represent 100% of the existing equity interests in Parent (the “Parent Equity Interests”). Exit Facility Upon the Effective Date, the Reorganized Company1 Company 1 and certain holders of DIP Facility Claims shall enter into an Exit Facility on the terms set forth in the term sheet attached hereto as Exhibit 1 (the “Exit Facility Term Sheet”) and otherwise on terms satisfactory to the Requisite Consenting Creditors, and set forth in the definitive documents to be included in the Plan Supplement.
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Samples: Restructuring Support Agreement