Examples of Interim Financing in a sentence
The chairperson explained to the meeting that the Company (as company) had previously entered into an up to £201,000,000 interim facilities agreement dated 17 July 2023 with, amongst others, Seed Midco Limited (as parent) and Ares Management Limited (as interim facility agent and interim security agent) (the Interim Facilities Agreement) and other related documents to, amongst other things, finance the acquisition of Xxxxxxx House plc (the Interim Financing).
It was further noted that in connection with the Interim Financing, Seed Midco Limited (as debtor) had entered into an interim security interest agreement dated 17 July 2023 with Ares Management Limited (as secured party) over the shares held by Seed Midco Limited in the Company (the Interim SIA).