Prepetition ABL Facility definition

Prepetition ABL Facility means the prepetition senior secured revolving financing in the aggregate principal amount of up to $55,000,000 at any time outstanding provided by the Prepetition ABL Lenders.

Prepetition ABL Facility means that certain prepetition senior secured revolving financing facility dated as of December 11, 2014 in the aggregate principal amount of up to $300,000,000 at any time outstanding among certain of the Debtors, the Non-Debtor Obligors, the Prepetition ABL Agent, and the Prepetition ABL Lenders.

Prepetition ABL Facility means that certain Amended and Restated Credit Agreement dated as of August 17, 2015 by and among American Apparel, the guarantors thereunder and the Prepetition Agent, as the same may be amended, modified or supplemented from time to time.

Examples of Prepetition ABL Facility in a sentence

• Although there are multiple parties that hold a portion of the debt included in the Prepetition ABL Facility and the Prepetition Term Loans, only the administrative agents have been listed for purposes of Schedule D.

• As described herein, the Debtors’ prepetition capital structure contains two tranches of first lien secured debt: (a) the Prepetition ABL Facility (issued under the Prepetition ABL Agreement) and (b) the Prepetition Term Loans (issued under the Prepetition Term Loan Facility).

• As of the Petition Date, the Debtors had approximately $129.7 million of funded principal debt and interest obligations, consisting of obligations under: (i) the Prepetition ABL Facility; (ii) the Synacor Seller Note; (iii) the Senior Unsecured Notes; (iv) the Growth Capital Partners Note; (v) the PIPE Notes; and (vi) the guaranty by Legacy IMBDS of the obligations of its wholly-owned German subsidiary under the 123TV Seller Note (each as defined below).

• This combination of factors, together with reduced availability under the Debtors’ Prepetition ABL Facility beginning in December 2022, caused the Debtors to face substantial business challenges.Since 2019, the Company has focused its business strategy around four of the television networks comprising its entertainment segment: ShopHQ, 1-2-3.tv, ShopBulldogTV, and ShopHQHealth.

• As of the Petition Date, Charming Charlie’s significant funded debt obligations include:• approximately $22 million of principal amount under the Prepetition ABL Facility, all of which was converted into DIP ABL Claims; and• approximately $132 million of principal amount of obligations under the Prepetition Term Loan.(a) Prepetition ABL Facility Debtors Charming Charlie LLC and Charming Charlie USA, Inc.

More Definitions of Prepetition ABL Facility

Prepetition ABL Facility means the revolving credit facility provided by the Prepetition Lenders pursuant to the Prepetition Loan and Security Agreement.

Prepetition ABL Facility means the credit facilities pursuant to the Prepetition ABL Credit Agreement.

Prepetition ABL Facility means the asset based lending facility under the Pre- Petition ABL Credit Agreement.

Prepetition ABL Facility means the Debtors’ asset-based revolving credit facility provided for under the Prepetition ABL Credit Agreement.

Prepetition ABL Facility means that certain prepetition asset-based credit facility with aggregate commitments of $85,000,000 under the Prepetition ABL Credit Agreement between certain of the Debtors as obligors or guarantors and the Prepetition ABL Lenders.

Prepetition ABL Facility means, collectively, the revolving credit facility under the Prepetition ABL Credit Agreement, the Ancillary Facility, the Hedge Agreements, and any Swap Obligations (as defined in the Prepetition ABL Credit Agreement) and any cash management obligations under the foregoing held by any agent, any lender, or any affiliate thereof.

Prepetition ABL Facility means the revolving facility under the ABL Agreement that was in place prior to the Petition Date (and, for the avoidance of doubt, shall not include the ABL DIP Facility).