Existing Senior Secured Credit Facilities definition

Existing Senior Secured Credit Facilities means the credit facilities, consisting of a revolving facility and the several term facilities thereunder, under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017, among Holdings, the Issuer, the other borrowers named therein, the other guarantors named therein, the lenders party thereto in their capacities as lenders thereunder and Barclays Bank PLC, as Administrative Agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof.

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Existing Senior Secured Credit Facilities means the credit facilities, consisting of a revolving facility and the several term facilities thereunder, including certain term facilities for which Foreign Subsidiaries are borrowers thereunder (together, the “Foreign Credit Facilities” and each, a “Foreign Credit Facility”), under the credit agreement, as amended and restated, dated as of April 16, 2018 and as further amended prior to the Issue Date among the Issuer, the other borrowers named therein, the guarantors named therein, the lenders party thereto in their capacities as lenders thereunder and Credit Suisse AG, Cayman Islands Branch, as Administrative Agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09).

Existing Senior Secured Credit Facilities means the 2000 Credit Agreement and the 2002 Credit Agreement.

Examples of Existing Senior Secured Credit Facilities in a sentence

We intend to use the net proceeds from this Offering, together with approximately US$87 million cash on hand, to fund the full repayment of the Existing Senior Secured Credit Facilities (other than the HK$1 million equivalent rolled over into the term loan facility under the 2021 Senior Secured Credit Facilities).
The proceeds of the Initial Term Loans made on the Closing Date shall be applied by the Company to provide a portion of the funding required to retire the Existing Senior Secured Credit Facilities, and the balance of the proceeds shall be applied by the Company for working capital and general corporate purposes, all in accordance with the terms and provisions of the Company's then existing credit facilities and indentures.
We expect to use the net proceeds from the Notes and Acquisition Date borrowings under the New Senior Secured Credit Facilities, together with cash on hand, to fund the cash consideration payable in connection with the Acquisition, the refinancing of certain of our indebtedness (including the Existing Senior Secured Credit Facilities) and fees and expenses in connection with the Transactions.
The HK$1 million term loan is expected to be rolled over from the term loan facility under the Existing Senior Secured Credit Facilities and to be secured by a cash collateral account with an amount equal to the principal amount of the term loan facility plus expected interest expense in respect of the term loan facility for one financial quarter.

More Definitions of Existing Senior Secured Credit Facilities

Existing Senior Secured Credit Facilities refers to the Credit Agreement dated as of November 3, 2016 among the Company, certain of its subsidiaries from time to time party thereto as guarantors and borrowers, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent and L/C issuer (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the closing of the Caraustar Acquisition), providing for a $400.0 million revolving multicurrency credit facility and a $400.0 million revolving U.S. dollar credit facility, each expiring November 3, 2021, and a $300.0 million term loan with quarterly principal installments that commenced on April 30, 2017 and continue through maturity on November 3, 2021.

Existing Senior Secured Credit Facilities means the Company’s existing senior secured term loan facility and existing senior secured revolving credit facility, in each case outstanding on the Issue Date (and before giving effect to any of the Transactions).