Examples of Junior Term Loans in a sentence
The Tranche A Junior Term Loans mature and principal is payable on July 15, 2030 and the Tranche B Junior Term Loans mature and principal is payable on July 15, 2031.
Especially in Saudi Arabia, relationship and trust are fundamental elements to understand and maintain.
The Junior Term Loans included $75 million principal of new debt issued at a discount of $15 million.
In December 2018, the $193.5 million of Tranche B Junior Term Loans were exchanged by the holder for the Notes due on July 15, 2031 (“2031 Notes”).
The Tranche A Junior Term Loans are due on July 15, 2030 and the Tranche B Junior Term Loans are due on July 15, 2031.
On July 16, 2018, the Junior Term Loans were exchanged for $82.1 million in aggregate principal amount of 2027 Debentures and $193.5 million in aggregate principal amount of 2029 Debentures.
As such the Tranche B Junior Term Loans were fully extinguished at the end of 2018.
The 2022 Notes were redeemed on August 15, 2018, at a premium, together with accrued and unpaid interest.On July 16, 2018, we entered into a Junior Term Loan Agreement, which provided for $157.1 million Tranche A Junior Term Loans and $193.5 million Tranche B Junior Term Loans.
CONSIDER AND TAKE ACTION TO APPROVE THE MINUTES OF THE REGULAR BOARD MEETING OF NOVEMBER 17, 2021.After the Board reviewed them, Chair Perez entertained a motion to approve the Minutes of the Regular Board Meeting of November 17, 2021.
The unamortized discounts include fair value adjustments on unsecured debt acquired in 2006, as well as the Junior Term Loans and the 2026 Notes that included original issue discounts from our 2018 debt refinancing.