TCEH DIP Facility definition

TCEH DIP Facility means the TCEH Debtors’ $4.475 billion debtor-in-possession financing facility, as approved on a final basis pursuant to the TCEH Final DIP Order.

TCEH DIP Facility means the TCEH Debtors’ $4.25 billion senior secured superpriority debtor-in-possession financing facility, as evidenced by the TCEH DIP Credit Agreement and approved pursuant to the TCEH DIP Order.

TCEH DIP Facility means the TCEH Debtors’ $4.25 billion senior secured superpriority debtor-in-possession financing

Examples of TCEH DIP Facility in a sentence

• The Trial Steering Committee will meet at least once a year and will provide overall supervision of the trial on behalf of the trial sponsor.

• After completing the acquisition, our Predecessor repaid approximately $230 million of borrowings under the TCEH DIP Facility, primarily utilizing cash acquired in the transaction.

• Prior to the Effective Date, approximately $3.5 billion was outstanding under the TCEH DIP Roll Facilities, approximately $2.65 billion of which was used to repay all amounts outstanding under the TCEH DIP Facility, and the balance of which was used for general business purposes.

• Net proceeds from the TCEH DIP Roll Facilities totaled $3.465 billion and were used to repay $2.65 billion outstanding under the TCEH DIP Facility, fund a $650 million collateral account used to backstop the issuances of letters of credit and pay $107 million of issuance costs.

• The purchase price was funded by cash-on-hand and additional borrowings under our Predecessor’s $3.375 billion debtor-in-possession financing facility at the time (the TCEH DIP Facility), totaling $1.1 billion.

• Cash used in 2014 reflected capital expenditures (including nuclear fuel purchases) totaling $413 million and a $350 million increase in restricted cash supporting letters of credit issued under the TCEH DIP Facility, partially offset by $392 million in restricted cash released from an escrow account when certain letters of credit were drawn.

• Activity in 2014 reflected $1.425 billion in borrowings from the TCEH DIP Facility, partially offset by $223 million in principal payments for pollution control revenue bonds and $92 million in fees associated with establishment of the TCEH DIP Facility.

• Cash used in 2015 reflected capital expenditures (including nuclear fuel purchases) totaling $460 million and a $123 million increase in restricted cash largely for supporting letters of credit issued under the TCEH DIP Facility.

• See Note 13 to the 2016 Annual Financial Statements for further details of the TCEH DIP Facility and pre-Petition debt.