Examples of Senior Revolver Facility in a sentence
For our Super Senior Revolver Facility, as no amounts have been drawn, deferred financing fees of $0.3 million and $0.2 million have been classified as a non-current asset on the Consolidated Balance Sheets as of December 31, 2018 and 2017, respectively.
The Subsidiary Company uses these derivatives to hedge the interest rate risk arising from drawdowns under the Senior Revolver Facility but has not adopted hedge accounting in respect of this relationship.
The Directors consider it appropriate to prepare the financial statements on the going concern basis on the grounds that the Company has access to sufficient funds to finance its activities through the issuance of call notices in respect of uncalled capital commitments and through drawdowns under the senior revolver facility available to the Subsidiary Company (the "Senior Revolver Facility").
For our Super Senior Revolver Facility, as no amounts were drawn as of December 31, 2019, deferred financing fees of $0.2 million were classified as a noncurrent asset on the Consolidated Balance Sheets as of December 31, 2019.
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The proceeds were primarily used to finance and acquire eleven Ultramax vessels in the fourth quarter of 2016 and during 2017.Super Senior Facility: Super Senior Revolver Facility refers to the $15.0 million revolver facility entered into by and among, Shipco, a wholly-owned subsidiary of the Company, as borrower, and ABN AMRO Capital USA LLC, as original lender, mandated lead arranger and agent.
For our Super Senior Revolver Facility, as no amounts have been drawn, deferred financing fees of $190,000 have been classified as a non-current asset on the Consolidated Balance Sheet as of December 31, 2017.
For our Super Senior Revolver Facility, as no amounts have been drawn, deferred financing fees of $285,342 and $190,000 have been classified as a non-current asset on the Consolidated Balance Sheet as of December 31, 2018 and December 31, 2017, respectively.