Syndicated Credit Facility definition
Examples of Syndicated Credit Facility in a sentence
Birchcliff may each year, at its option, request an extension to the maturity date of the Syndicated Credit Facility and the Working Capital Facility, or either of them, for an additional period of up to three years from May 11 of the year in which the extension request is made.
A summary of the financing arrangements and the key terms of each of the Underwriting Letter, the Private Placement, the CDPQ Loan Agreement, the Term Loan Agreement and the Syndicated Credit Facility is contained in Appendix 4.
The Syndicated Credit Facility carries mark-up at the rate of 3-month Karachi Interbank Offered Rate (“KIBOR”) plus 2.75%.
Birchcliff may request an extension of the conversion date with such an extension not exceeding 364 days, in order to maintain the revolving Syndicated Credit Facility.
The net proceeds of the Syndicated Credit Facility were used, along with cash on hand, to consummate the acquisition of DigitalGlobe, to refinance all amounts outstanding under the Company’s existing syndicated credit facility and senior term loans, to repay DigitalGlobe’s outstanding indebtedness, to pay transaction fees and expenses, to fund working capital and for general corporate purposes.