New Term Loan Credit Facility definition
New Term Loan Credit Facility means a term loan facility of up to €350,000,000 arranged by Lead Arrangers entered into to replace the term loan facilities under the Existing Term Loan Credit Agreement.
New Term Loan Credit Facility means the term loan credit facility entered into on or about the Issue Date under the Term Loan Credit Agreement, the proceeds of which are used on or about the Issue Date to refinance term loans outstanding under the Term Loan Credit Agreement immediately prior to such refinancing.
New Term Loan Credit Facility means the term loan credit facility entered into on May 24, 2023 under the Term Loan Credit Agreement, the proceeds of which were used on or about the Existing Notes Issue Date to refinance term loans outstanding under the Term Loan Credit Agreement immediately prior to such refinancing.
Examples of New Term Loan Credit Facility in a sentence
The Company intends to use the net proceeds of the offering of the Securities, together with cash on hand and borrowings under the New Term Loan Credit Facility, to repay all outstanding borrowings under its existing credit facilities and to pay fees and expenses related to the offering and the foregoing transactions (the “Transactions”).
More Definitions of New Term Loan Credit Facility
New Term Loan Credit Facility means the term loan credit facility to be entered into as of the Issue Date by and among the Issuer, the Company, the other borrowers party thereto, the lenders party thereto in their capacities as lenders thereunder and Credit Suisse AG, as Administrative Agent, including any notes, mortgages, 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, guarantees, credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, exchange or refinance any part of the loans, notes, guarantees, 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).
New Term Loan Credit Facility refers to the new senior secured term loan credit facility being entered into in connection with the Financing Transactions, (vii) “New Credit Facilities” refers collectively to the New Revolving Credit Facility and the New Term Loan Credit Facility, (viii) “Corus” refers to Corus Group plc and its subsidiaries, (ix) “Corus Aluminum” refers to Corus Aluminium Rolled Products BV, Corus Aluminium NV, Corus Aluminium GmbH, Corus Aluminium Corp., Corus Hylite BV and Hoogovens Aluminium Europe Inc. and certain of their subsidiaries, Corus LP, Corus Aluminum Inc. and a 61% shareholding in Corus Aluminium Extrusions Tianjin Company Limited, which collectively comprises the downstream aluminum business of Corus, (x) “Corus Acquisition” refers to the acquisition of Corus Aluminum by Aleris from Corus, (xi) “Aleris,” “we,” “our,” “us” and the “Company” refer to Aleris International, Inc. and its subsidiaries, and (xii) the “Financing Transactions” and the “Transactions” have the meanings provided under the heading “The Transactions” in this Report. In addition, we use the term “2005 Acquisitions” in this Report to collectively refer to the acquisition of: • ALSCO Holdings, Inc. (“ALSCO”) on October 3, 2005 (a manufacturer and fabricator of aluminum sheet products for the building and construction industry); • Alumitech, Inc. (“Alumitech”) on December 12, 2005 (an aluminum recycler and salt cake processor); • ▇▇▇▇▇ ▇▇▇▇▇▇ Reciclagem (“▇▇▇▇▇ ▇▇▇▇▇▇”) on August 23, 2005 (a Brazilian aluminum recycler); and • certain assets of Ormet Corporation (“Ormet”) on December 20, 2005 (including rolling mill assets, a recycling operation and an aluminum blanking operation). This Report on form 8-K/A also contains combined financial statements of Corus Aluminum. Although the combined financial statements of Corus Aluminum included elsewhere in this Report refer to the entities that comprise the downstream aluminum business of Corus Group plc as the “Fabricator Group,” for purposes of this Exhibit 99.3 we refer to these entities as “Corus Aluminum.” The pro forma condensed combined financial statements included in this Report give effect to the following transactions: • borrowings under our new $1.2 billion Bridge Loan Facility; • borrowings under our new $750.0 million New Revolving Credit Facility; • borrowings under our new $650.0 million New Term Loan Credit Facility; • the redemption of substantially all of our 9% Notes and our 10 3/8% Notes; • the repayment of our PNC Credit ...