Examples of LIBOR Floor in a sentence
The New Term Loan B bears interest at LIBOR (Floor of 0.75%) plus an interest rate margin of 2.75%.
The agreement has no commitment amount or expiration date and interest is based on a spread over LIBOR (with a LIBOR Floor of 0.35%).
The new loan is interest only with a floating interest rate of LIBOR + 4.75% with a 0.20% LIBOR Floor.
If LIBOR is below this rate, then the LIBOR Floor will be the new LIBOR rate.Minimum Contractual Return: Minimum return expected which is determined by the Spread above LIBOR and the contractual LIBOR Floor applicable to each loan.Other Fees: Original Issue Discount and Call Protection Fees.Original Issue Discount (OID): The discount from par value at the time that the loan is issued.
Loans under the Term Loan Facility bear interest at a rate equal to, at the Borrower’s option, LIBOR, subject to a 1.00% LIBOR Floor or the base rate option (the highest of the Federal Funds rate, prime rate, or one-month Eurodollar rate plus the appropriate spread), in each case, plus an applicable margin of 3.00%.