Examples of New Working Capital Facility in a sentence
The satisfaction or waiver of the conditions precedent to the effectiveness of the New Working Capital Facility and access by the Reorganized Debtors to funding thereunder is a condition precedent to the Effective Date of the Plan.
The principal terms of the New Working Capital Facility will be no less favorable to the Reorganized Debtors than the following: Borrower Reorganized ANI Lenders An agent and a syndicate of lenders to be determined.
The Debtors believe that substantially all of their needs for funds necessary to consummate the Plan and for post-Effective Date working capital financing will be met by projected operating cash flow, the New Working Capital Facility, and trade terms supplied by vendors.
Reorganized LCE is expected to continue to have annual fixed debt service requirements under their New Working Capital Facility.
The Debtors believe that their New Working Capital Facility will contain negative covenants that restrict, among other things, the ability of Reorganized LCE to pay dividends.
Collateral First priority lien on substantially all assets, subject only to liens granted in connection with the New Working Capital Facility Amortization On terms acceptable to "Required Lenders" under the New Senior Note Agreement.
On the Effective Date, without the need for any further corporate action or action by the holders of Claims or Equity Interests in the Debtors, Reorganized ANI will enter into the New Working Capital Facility in substantially the form set forth in the Plan Supplement.
There can be no assurance, however, (i) that the Debtors will consummate the Plan, (ii) the Debtors will be able to close their New Working Capital Facility on favorable terms, or (iii) that future developments and general economic trends will not adversely affect the Reorganized Debtors' operations and, hence, their anticipated cash flow.
The ability of Reorganized LCE to make principal and interest payments under the New Working Capital Facility will be dependent upon Reorganized LCE's future performance, which is subject to financial, economic and other factors affecting Reorganized LCE, some of which are beyond its control.
Based upon their analysis of their consolidated financial position, their cash flow during the past twelve months and the cash flow anticipated from their future operations, the Debtors believe that their future cash flows together with funds that would be made available under the New Working Capital Facility should be adequate to meet the financing requirements expected after the confirmation of the Plan.