New Senior Secured Credit Facilities definition

New Senior Secured Credit Facilities means the Credit Agreement, to be dated on or about the Completion Date, among, inter alia, Holdings, the Issuer, the guarantors named therein and JPMorgan Chase Bank, N.A. (or an affiliate thereof), as administrative agent and collateral agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures, agreements, credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture or agreement that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted pursuant to Section 4.09 hereof) or adds Holdings or any Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.
New Senior Secured Credit Facilities means, collectively, the new senior secured asset-based revolving credit facility under the ABL Credit Agreement and the new senior secured term loan facility under the Term Loan Credit Agreement, each substantially as described in the Offering Circular.
New Senior Secured Credit Facilities is defined in “The Refinancing Plan — Financings by Wind Telecom — Wind Telecom Group Indebtedness Pursuant to the Refinancing Plan”.

Examples of New Senior Secured Credit Facilities in a sentence

  • Use of Proceeds: Absent a special mandatory redemption, we intend to use the net proceeds from this offering, together with the proceeds from the Common Stock Offering and the Convertible Preferred Stock Purchase and the borrowings under the New Senior Secured Credit Facilities, to finance the Allied Acquisition, to refinance certain of our existing indebtedness and to pay fees and expenses related to the Allied Transactions.

  • Credit Facility and Term Loans The Company's New Senior Secured Credit Facilities, consisting of its $1.25 billion revolving credit facility and term loan facilities, contain covenants that, among other things, limit the ability of the Company to declare or pay dividends.

  • So long as the Company's consolidated total net leverage ratio remains below 3.50 to 1.00, the New Senior Secured Credit Facilities do not restrict the ability of the Company to pay dividends.

  • The restriction in the New Senior Secured Credit Facilities on the Company's ability to pay dividends is subject to certain significant exceptions, including an exception that permits the Company to pay dividends and make other restricted payments regardless of dollar amount so long as, after giving pro forma effect thereto, the Company would have a consolidated total net leverage ratio, as defined under the New Senior Secured Credit Facilities, no greater than 3.50 to 1.00.

  • On October 28, 2020, the Company repaid the outstanding debt under its First Lien Term Loans and Second Liens Term Loans and the Company, through its subsidiaries, entered into the New Senior Secured Credit Facilities, consisting of a $1,325.0 million New Term Loan Facility and a $400.0 million New Revolving Facility, and issued $775.0 million of Senior Secured Notes.


More Definitions of New Senior Secured Credit Facilities

New Senior Secured Credit Facilities means the credit facility under the credit agreement to be entered into as of the Escrow Release Date by and among the Issuer, the Guarantors, the lenders party thereto in their capacities as lenders thereunder and Xxxxxx Xxxxxxx Senior Funding, Inc., 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).
New Senior Secured Credit Facilities means collectively, the New Term Loan Facility and the New Revolving Credit Facility.
New Senior Secured Credit Facilities means one or more revolving and/or term loan credit facilities to be provided under a credit agreement to be entered into in connection with the consummation of the IRP Acquisition by and among Parent, certain of its Subsidiaries, the lenders referred to therein and the financial institution referred to therein as administrative agent and collateral agent, providing for up to $175.0 million in aggregate revolving credit and/or term loan borrowings, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and, in each case, as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.
New Senior Secured Credit Facilities means the credit facility under the credit agreement to be entered into as of the Acquisition Closing Date by and among the Issuer, the Guarantors, the lenders party thereto in their capacities as lenders thereunder and Mxxxxx Sxxxxxx Senior Funding, Inc., 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.
New Senior Secured Credit Facilities refers to, collectively, (a) senior secured revolving credit facilities in an aggregate principal amount not to exceed $800.0 million and (b) senior secured term loan A facilities in an aggregate principal amount not to exceed $1,675.0 (which may include a new senior secured term loan A facility pursuant to the terms and conditions of the Commitment Letter as described in the Offering Memorandum), in each case established on or prior to the Issue Date pursuant to a credit agreement expected to be entered into among the Company, the subsidiary guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. Without limiting the generality of the foregoing, the term “New Senior Secured Credit Facilities” shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.
New Senior Secured Credit Facilities means the credit facilities, consisting of a revolving facility, a term A-1 facility, a term A-2 facility, a term B-1 facility and a term B-2 facility (the term A-1 facility, the term A-2 facility and the term B-2 facility, together, the “Foreign Credit Facilities”), under the credit agreement to be entered into as of the Issue Date by and among the Issuer, the other borrowers, if any, party thereto, the Guarantors, the lenders party thereto in their capacities as lenders thereunder and Deutsche Bank AG New York Branch, 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).
New Senior Secured Credit Facilities means the senior secured credit facilities to be incurred by Parent and certain of its Subsidiaries on or after the Issue Date and on or prior to the Acquisition Date to fund, together with the net proceeds of the Notes, the Refinancing and the Acquisition, having the terms described in this Offering Memorandum as such terms may be modified prior to the entry into the Initial Credit Agreement.