Corporate Facility means the Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of December 23, 2020 (as amended, supplemented, amended and restated or otherwise modified from time to time”), among FS KKR Capital Corp., a Maryland corporation (including as successor by merger of FSK Capital Corp. II, the “Borrower”), the Lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and ING Capital LLC, as Collateral Agent, or any such successor or replacement parent loan facility.
Corporate Facility means that certain Third Amended and Restated Credit Agreement, dated as of July 17, 2014, among the lenders parties thereto, Bank of America, N.A., as agent for such lenders, and Parent and certain of its domestic subsidiaries, as borrowers, as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time.
Corporate Facility means a secured credit facility of the Company, with recourse to the Company, incurred pursuant to documentation containing financial covenants, covenants governing the borrowing base, if any, portfolio valuations and events of default other terms (other than interest) that are not materially more or less restrictive upon the Company and its Subsidiaries than those set forth in similar credit facilities for borrowers the general nature of the business of which is not substantially different from the general nature of the business of the Company and its Subsidiaries, taken as a whole.
Examples of Corporate Facility in a sentence
The Corporate Facility amount will be increased from $100.0 million to $200.0 million and can be drawn until October 20, 2023.
The Corporate Facility has a variable interest rate, that is referenced to LIBOR and will expose the Company to interest rate risk over the term of the loan.
Any loan repayments are calculated to be protective of the Company’s liquidity position and if drawn, the Corporate Facility would be repaid from the proceeds of dividends received from Prime, while ensuring the Company preserves a sufficient minimum cash balance to conduct operations.
The Corporate Facility provides the Company with additional liquidity and will provide the financial flexibility to fund future capital projects in Mexico as well as corporate working capital requirements.
The security over the shares in Africa Energy, Eco and Impact were released in the amendment to the Corporate Facility on January 28, 2022.The Corporate Facility is subject to financial and liquidity covenants.
More Definitions of Corporate Facility
Corporate Facility means, collectively, the Bridge Facility, the Revolving Credit Facility and the Term Loan Facility, in each case made available to the Borrower under, and as defined in, the Mercury Facilities Agreement.
Corporate Facility. ’ means the secured revolving credit facility agreement dated as of December 14, 2009, as most recently amended pursuant to an amendment letter dated November 21, 2017 and as amended, amended and restated or acceded to from time to time, or otherwise modified or varied from time to time, entered into by, among others, Tullow Oil plc as an original borrower and BNP Paribas as agent;
Corporate Facility means a secured credit facility of the Company, with recourse to the Company, incurred pursuant to documentation containing financial covenants, covenants governing the borrowing base, if any, portfolio valuations and events of default other terms (other than interest) that are not materially more restrictive upon the Company and its Subsidiaries than those set forth in either (a) the corporate credit facility of Solar Capital Ltd. or (b) similar credit facilities for borrowers the general nature of the business of which is not substantially different from the general nature of the business of the Company and its Subsidiaries, taken as a whole.
Corporate Facility means that certain Second Amended and Restated Credit, Security, Guaranty and Pledge Agreement dated as of July 25, 2008 among LGEI, Lions Gate UK Limited and Lions Gate Australia Pty Limited, as Borrowers, certain guarantors referred to therein, certain lenders referred to therein, the Administrative Agent and Wachovia Bank, N.A., as syndication agent (as it may be amended, supplemented or otherwise modified, renewed or replaced from time to time).
Corporate Facility means that portion of the Credit Facility which is to be used by AMRESCO for itself and the other Borrowers for the purposes listed in Section 2.1(a).
Corporate Facility means the secured revolving credit facility agreement dated as of December 14, 2009, as amended and restated from time to time, and expected to be amended and restated prior to the Issue Date, entered into by, among others, Tullow Oil plc as an original borrower and BNP Paribas as Agent;
Corporate Facility. ’ means the secured revolving credit facility agreement dated as of December 14, 2009, as amended and restated from time to time, entered into by, among others, Tullow Oil plc as an original borrower and BNP Paribas as Agent;