Refinancing Transactions definition

Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

Refinancing Transactions means the payment in full of all amounts due or outstanding under the Existing Credit Facilities, the termination of all commitments thereunder and the release and discharge of all guarantees thereof and security therefor.

Refinancing Transactions has the meaning provided in the recitals hereto.

Examples of Refinancing Transactions in a sentence

• The Lenders shall have received (i) the financial statements referred to in Sections 3.04(a) and (b) and (ii) projections for the U.S. Borrower and its Restricted Subsidiaries on a pro forma basis for completion of the Refinancing Transactions for the fiscal years 2017 through 2021.

• The Agent shall be reasonably satisfied with the arrangements to consummate the Refinancing Transactions substantially concurrently with the initial credit extensions hereunder and to release all Liens securing the Existing Credit Agreement.

• The Agent shall have received a customary certificate from the chief financial officer of the U.S. Borrower certifying that the Loan Parties, on a consolidated basis after giving effect to the Refinancing Transactions to occur on the Closing Date, are solvent (within the meaning of Section 3.15).

• The Refinancing Transactions are within each applicable Loan Party’s and Foreign Borrower’s corporate powers and have been duly authorized by all necessary corporate and, if required, stockholder action of such Loan Party.

• Each incurrence of Refinancing Loans pursuant to this Section 2.21 (Refinancing Transactions) shall be in an aggregate principal amount of not less than the lesser of (x) $50,000,000 and (y) the entire remaining amount of any outstanding Tranche of Term Loans.

More Definitions of Refinancing Transactions

Refinancing Transactions means the offering of the Notes on the Issue Date, the closing of the Credit Agreement on the Issue Date and the use of proceeds from both to repay outstanding indebtedness, pay a dividend to Parent and pay related premiums, fees and expenses, in each case as described in the Offering Circular.

Refinancing Transactions refers collectively to (a) the offering of the Existing First-Lien Notes and the use of proceeds therefrom, (b) the Cash Tender Offer and the redemption of any remaining 11.5% First-Lien Notes, (c) the refinancing of the Existing Credit Agreement with (i) the ABL Facility and (ii) the New First-Lien Revolving Facility.

Refinancing Transactions means the offering of the Notes, the ------------------------ Special Term Loan Agreement, the refinancing of the Credit Facility with the New Credit Facility and the payment of a dividend of approximately $45.9 million to Holdings.

Refinancing Transactions means (i) the termination of the commitments to extend credit and the payment in full all obligations under the Existing MAC Group Credit Agreement and the release of all guarantees and Liens thereunder and (ii) the release of all obligations, guarantees and Liens under the Existing OSI Credit Agreement.

Refinancing Transactions means (i) the repayment in full of all principal, accrued and unpaid interest, fees, premium, if any, and other amounts under the Existing Credit Agreements (other than (x) contingent obligations not then due and payable and that by their terms survive the termination of the applicable Existing Credit Agreement and (y) certain existing letters of credit outstanding thereunder that on the Acquisition Effective Date will be deemed issued under the ABL Facility), the termination of all of the commitments thereunder and the termination and release of all of the security interests and guaranties provided in connection therewith pursuant to a customary payoff letter and (ii) either (w) the redemption of the 2019 Notes on or prior to the 30th day after the Acquisition Effective Date (with an irrevocable notice of redemption being delivered on or prior to the Acquisition Effective Date to the Administrative Agent and the trustee under the 2019 Notes Indenture), (x) the irrevocable defeasance of the 2019 Notes in accordance with the 2019 Notes Indenture on or prior to the Acquisition Effective Date, (y) the discharge of the 2019 Notes on or prior to the Acquisition Effective Date (with an irrevocable notice of redemption being delivered on or prior to the Acquisition Effective Date to the Administrative Agent and the trustee under the 2019 Notes Indenture) or (z) a tender offer and consent solicitation with respect to the 2019 Notes that closes on or prior to the Acquisition Effective Date, as a result of which any provisions of the 2019 Notes Indenture conflicting with this Agreement are eliminated (and if any debt remains outstanding under the 2019 Notes Indenture after such tender offer and consent solicitation, the redemption, discharge or defeasance by the Target of such debt in the manner described in either clause (w) or (x) above (with an irrevocable notice of redemption being delivered on or prior to the Acquisition Effective Date to the Administrative Agent and the trustee under the 2019 Notes Indenture)).

Refinancing Transactions means the consummation of the amendment and restatement of the Senior Credit Facilities and the issuance of the Second Lien Notes.

Refinancing Transactions means “Refinancing Transactions” as defined in the Form S-4.