Incremental Term Loan B Facility means any Incremental Term Loan B Facility established pursuant to Section 2.20(c).

Incremental Term Loan B Facility as defined in Section 2.23(a)(i).

Incremental Term Loan B Facility and the term loans funded thereunder, the “Incremental Term B Loans”); and/or

Examples of Incremental Term Loan B Facility in a sentence

The 2020 Incremental Term Loan B Facility was issued with original issue discount with an issue price of 97.00%.
In connection with the issuance of the Incremental Term Loan B Facility, Valeant incurred approximately $26.2 million in fees, which have been recognized as debt issue discount, which resulted in the net proceeds of $973.8 million.
To record the following debt-related adjustments: (In thousands) Year Ended December 31, 2012 (a) In connection with the Medicis Acquisition, Valeant obtained $2.75 billion in financing through a syndication of the Incremental Term Loan B Facility of $1.0 billion and the issuance of the 2020 Senior Notes in the aggregate principal amount of $1.75 billion.
The proceeds from the issuance of the Incremental Term Loan B Facility and the 2020 Senior Notes were utilized to fund (i) the Medicis Acquisition, (ii) Medicis’ obligation to pay the conversion consideration with respect to, or repurchase, the Medicis convertible Senior Notes, and (iii) transaction costs and expenses.
The outstanding principal amount of the Incremental Term Loan B Facility will be payable in equal quarterly amounts of 1% per annum with the remaining balance due at the maturity of the Incremental Term Loan B Facility.

More Definitions of Incremental Term Loan B Facility

Incremental Term Loan B Facility an incremental term loan facility structured as a term loan “B” facility established hereunder pursuant to an Incremental Amendment providing for Incremental Term Loan Commitments.

Incremental Term Loan B Facility has the meaning ascribed to it in Section 1.1(c).

Incremental Term Loan B Facility. 1. Amount: “B” incremental term loan facility in an aggregate principal amount of up to $525 million, which amount may be reduced as described in paragraph (A) of Exhibit A to the Commitment Letter (the “Incremental Term Loan B Facility”).

Incremental Term Loan B Facility under the Borrower’s existing credit agreement dated April 30, 2013 (as amended by that certain First Amendment to Credit Agreement dated December 11, 2015, the “Existing Credit Agreement”) in an aggregate amount of up to $560.0 million, which shall be decreased by $235.0 million upon achievement of a Successful Solicitation (the date of the consummation of the Merger, the Acquisition and funding of the Incremental Term Loan B Facility and the Senior Subordinated Bridge Facility (if applicable), the “Closing Date”) and may, at the Borrower’s option, be decreased by the proceeds of Senior Subordinated Notes in accordance with clause (B) below;

Incremental Term Loan B Facility. 1. Amount: “B” incremental term loan facility in an aggregate principal amount of up to $560.0 million, which amount shall be automatically reduced by $235.0 million (the “Successful Solicitation Commitment Reduction Amount”) to $325.0 million if a Successful Solicitation is consummated on or prior to the Closing Date and shall be further reduced, on a dollar-for-dollar basis, by the net cash proceeds of Senior Subordinated Notes in excess of $300.0 million (the “Incremental Term Loan B Facility”).

Incremental Term Loan B Facility. 1. Amount: “B” incremental term loan facility in an aggregate principal amount of up to $225.0 million, which amount shall be automatically reduced by the net cash proceeds of Senior Subordinated Notes in excess of $300.0 million (the “Incremental Term Loan B Facility”).