The REIT also closed on $ 2.6 billion in new credit facilities that helped fund the purchase. (reforum-digital.com)
Accomplishments * Negotiated new credit facility with a 47 % cap increase to fund acquisition * Implemented safety policies and training to secure a 33 % reduction in Worker's Comp costs * Secured healthcare renewals of under double with only single - digit increase for three years running * Conducted a total of approx. 30 new accounting software conversions * Designed, implemented and managed financial and plant operating syst... (members.climber.com)
Loans under the new credit facility bear interest, at our option, at (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50 % and an adjusted LIBOR rate for a one - month interest period in each case plus a margin ranging from 0.00 % to 1.00 %, or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00 % to 2.00 %. (sec.gov)