Examples of Prior Credit Facilities in a sentence
Reflects net incremental interest expense, including amortization of deferred financing costs associated with the Bridge Facility and the required restructuring of the Prior Credit Facilities and repayment of the $650 million term loan facility, directly attributable to the Transactions.
In addition, the Transactions result in the termination of the Prior Credit Facilities which had a combined outstanding balance of $1,042 million as of September 30, 2014 and are reflected as current liabilities in the KMI historical balance sheet.
Reflects $7 million of cash remaining to be used for the $8 million debt issuance costs related to the restructuring of the Prior Credit Facilities into the Replacement Facility as a direct result of the Transactions.
For purposes of these Unaudited Pro Forma Statements, and in connection with the Replacement Facility, the stated interest rate of LIBOR plus a margin which, based on KMI's expected credit rating, resulted in an interest rate of approximately 1.65%, was applied to the combined weighted average borrowings under the Prior Credit Facilities of $1,540 million for the nine months ended September 30, 2014 and $1,873 million for the year ended December 31, 2013.
On August 15, 2016, Hydro One terminated its $1.5 billion revolving standby credit facility maturing in June 2020 and its $800 million three-year senior, revolving term credit facility maturing in October 2018 (collectively, Prior Credit Facilities).