The remaining net proceeds reportedly will be used for general corporate purposes and to reduce outstanding borrowings under Taubman's revolving lines of credit. (cpexecutive.com)
Loan proceeds were used to retire the $ 50.0 million term loan for Dayton Mall, with the remainder being used to reduce outstanding borrowings on the company's credit facility. (nreionline.com)
Furthermore, after closing the sale of its Reeves County midstream assets, Resolute Energy was able to pay back all of the outstanding borrowings under its revolving credit facility. (fool.com)