New Debt Facilities definition

New Debt Facilities means, collectively, the New RCF Exit Facility and the New Notes.
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New Debt Facilities means the Bridge Facilities and the 2019 Syndicated Facilities.
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Examples of New Debt Facilities in a sentence

  • Based on DS Smith’s consolidated financials for the year ended 30 April 2017, the IRI Group’s combined financials for the year ended 31 December 2016 and utilisation of the New Debt Facilities to fund part of the cash portion of the consideration for the Initial Acquisition, the net debt/EBITDA ratio of the Enlarged Group from Completion is expected to be approximately 2.2 times.

  • It is expected that approximately $600.0 million will be drawn under the New Debt Facilities at Completion to fund part of the cash consideration for the Acquisition and to refinance certain indebtedness of the Mondo Group and the Elementis Group.

  • The New Debt Facilities have a three-years term with an option to extend the term by up to an additional two years.

  • Fund raising and associated costs reflect the following: * The receipt of £35.0 million from the issue of 59,322,034 Ordinary Shares as part of the Placing net of £1.7 million of associated costs; and * The receipt of £24.2 million from the New Debt Facilities.

  • The Acquisition (and associated expenses) is proposed to be financed through (i) the Rights Issue of approximately $230 million (£176.4 million), which has been fully underwritten; and (ii) utilising the $775.0 million New Debt Facilities.

  • In addition, it is expected that approximately $600.0 million willbe drawn under the New Debt Facilities at Completion to fund part of the cash consideration for the Acquisition and to refinance certain indebtedness of the Mondo Group and the Elementis Group.

  • Fees associated with the New Debt Facilities have been capitalised and fees associated with the issuance of equity have been charged to equity.

  • The adjustment to non-current borrowings includes the drawings under the New Debt Facilities (£473.5 million), capitalised debt refinancing fees of £9.7 million and the refinancing of £49.4 million of existing Synthomer Group debt which was previously due within one year.

  • The Buyer intends to satisfy the consideration through: (i) a payment of US$846 million (approximately £664 million) in cash, to be satisfied out of the net proceeds of the Placing, utilisation of the New Debt Facilities and existing cash resources; and (ii) the issue of the Consideration Shares with a value of US$300 million (approximately £235 million), calculated by reference to the average Closing Price of the Ordinary Shares on 23 June 2017, 26 June 2017 and 27 June 2017, to Merpas.

  • In light of the scale and size of the proposed Initial Acquisition, the Board believes that it has taken a prudent approach to structuring and financing the Initial Acquisition and associated expenses through a mixture of equity and debt, approximately: £280 million from the Placing (net of commissions and expenses); up to £400 million from the New Debt Facilities; and the rest from existing cash resources, balancing a conservative financing structure and returns for Shareholders.

Related to New Debt Facilities

  • Senior Credit Facilities means the Credit Facilities entered into as of the Measurement Date by and among the Issuer, Holdings III, the lenders party thereto in their capacities as lenders thereunder and Citibank, N.A., as Administrative Agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof).

  • Credit Facilities means, with respect to the Issuer or any of its Restricted Subsidiaries, one or more debt facilities, including the Senior Credit Facilities, or other financing arrangements (including, without limitation, commercial paper facilities or indentures) providing for revolving credit loans, term loans, letters of credit or other long-term indebtedness, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and any indentures or credit facilities or commercial paper facilities that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount permitted to be borrowed thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.