Examples of Old Credit Agreement in a sentence
Interest rate margins under the Credit Agreement are generally lower than under the Old Credit Agreement.
The proceeds of the 2018 Term Loans were used, among other things, to pay off our outstanding debt, including borrowings under the Old Credit Agreement and the Senior Notes and related interest.
We wrote off unamortized debt issuance costs relating to the Old Credit Agreement of approximately $1.3 million, pre-tax, due to this refinancing during the quarter ended June 30, 2011.Our credit facility, providing availability up to $117.8 million at December 31, 2012 (the ‘‘Credit Facility’’) consists of a $57.8 million term loan (the ‘‘Term Loan’’) and a $60 million revolving loan (the ‘‘Revolving Credit Facility’’) and matures on June 13, 2016.
The Credit Agreement matures in June 2012 and amends and replaces a $1,550,000,000 credit agreement (the Old Credit Agreement) consummated in June 2005.
In connection with the Merger Agreement, both the Old Credit Agreement and the subordinated note issuance were repaid and terminated.