Common Contracts
1 similar Term Loan and Revolving Credit Facilities Agreement contracts
PROJECT HEAT TERM SHEETTerm Loan and Revolving Credit Facilities Agreement • December 18th, 2019
Borrower: Guarantor: Spice Universe Limited (registration no. 99892384)Spice Universe Holdings Limited. (registration no. 99761123) Registered office Spice House, 3 Capsicum Lane, E1 SP9, London Lender: Cool Bank plc Facilities: Term Loan and Revolving Credit Facility. Amounts: Term Loan: £50,000,000 Revolving Credit Facility: £50,000,000 Final Maturity: Term Facility - 7 years Revolving Credit Facility – 7 years Purpose: The proceeds of the Term Loan will be applied in or towards the Investment and Expansion Plan (as defined in the Facilities Agreement); The proceeds of the Revolving Credit Facility will be applied towards general working capital/corporate purposes. Interest: LIBOR for 1, 3 or 6 month periods selected in advance by the Borrower plus the Margin. Margin: Term Loan 3 per cent. per annum Revolving Credit Facility 5.25 per cent. per annum
