Examples of Insurance Notes in a sentence
The increase in pro forma interest expense for the Insurance Notes will not have an impact on HGI’s current and deferred tax position due to HGI’s existing income tax loss carry forwards in the U.S., for which valuation allowances have been provided.
Insurance Notes PayableDuring 2012, the Company executed premium finance agreements for its insurance premiums.
There has been no material change in SEK’s capitalization, contingent liabilities and guarantees since September 30, 2023.
The increase in pro forma interest expense for the Insurance Notes will not have an impact on HGI’s current and deferred tax position due to HGI’s existing income tax loss carry forwards in the U.S., for which full valuation allowances have been provided.
The deferred financing fees associated with the Insurance Notes were $10.2. The pro forma adjustments related to the amortization of the deferred financing fees for the year ended September 30, 2012 and the three months ended December 30, 2012 were $3.1 and $0.8, respectively.
Other subsidiary adjustments include the full-period effect of the: (i) issuance of the Insurance Notes and (ii) issuance of the Spectrum Brands New Term Loans and related extinguishment of the 9.5% Notes, and (iii) FGL IPO.
The pro forma impact on debt for the Insurance Notes was $300.0, as the Insurance Notes were issued at par.
The deferred financing fees associated with the Insurance Notes were $10.2. The pro forma adjustments related to the amortization of the deferred financing fees for the year ended September 30, 2012 and the six months ended March 31, 2013 were $3.1 and $1.6, respectively.
Insurance Notes Payable The Company finances its annual commercial insurance premiums for its business and operations with a finance company.