Examples of Term Loan C Facility in a sentence
Amounts borrowed under the Initial Term Loan B Facility and the Term Loan C Facility bore interest based on applicable LIBOR rates, subject to a 0.75% floor, plus a fixed spread of 2.50%.
At December 31, 2017, the weighted average interest rate before taking into consideration interest rate swaps on outstanding borrowings was 4.02%, 4.20% and 3.83% under the Initial Term Loan B Facility, the Incremental Term Loan B Facility and the Term Loan C Facility, respectively.
Principal amounts repaid on the Term Loan B Facility and the Term Loan C Facility cannot be reborrowed.
Subject to the terms and conditions hereof, the Lender is willing to provide the Term Loan C Facility to the Borrower and to amend certain provisions of the Existing Credit Agreement in order to effectuate the foregoing.
Term loan facilities in an aggregate principal amount of $850 million (the "Term Loan Facilities"), such aggregate principal amount to be allocated among (i) a Term Loan A Facility in an aggregate principal amount of $350 million (the "Term Loan A Facility")J, (ii) a Term Loan B Facility in an aggregate principal amount of $250 million (the "Term Loan B Facility"), and (iii) a Term Loan C Facility in an aggregate principal amount of $250 million (the "Term Loan C Facility).