Leyou will also provide Certain Affinity with an interest - free, non-recourse
loan facility of up to US$ 15M to pay for costs and expenses incurred in connection with development of the game, solely recoupable from the revenue derived from the game.
Rather interestingly, in November, they announced a new
loan facility of up to $ 100 M from the IFC.
Signed Heads of Terms to put in place a secured convertible
loan facility of up to $ 5.1 mio (GBP 3.2 mio).
The University of Ghana has acquired
a loan facility of US$ 217m from the Israeli Government to build a 600 - bed teaching hospital at Legon.
Cobbetts has negotiated
loan facilities of # 10.5 m in an effort to avoid a partner cash call The firm renegotiated a bank loan facility with RBS in Janaury, which comprises a # 2.5 m overdraft and a # 6.5 m term loan secured by a debenture over the assets of debt recovery business Incasso - a wholly - owned subsidiary of Cobbetts.
Acted for a Californian bank in connection with syndicated term and revolving
loan facilities of up to $ 61m.
Not exact matches
The
loan on the
facility can be structured to make optimum use
of your planned growth or seasonal peaks.
Many small businesses must rely on
loans or other forms
of credit to finance day - to - day purchases or long - term investments in
facilities and equipment.
In Japan, the Central Bank said Thursday morning it was keeping its rates unchanged and the People's Bank
of China raised its short - term interest rate by 10 basis points on both medium - term lending
facility loans and its open market operation reverse repurchase agreements.
Engineering company Monadelphous Group has provided its joint venture partner AnaeCo with a $ 4.6 million
loan facility to help fund the remaining cost
of the company's WMRC project in Shenton Park.
VDM Group has finalised terms for an $ 18 million
loan facility with its largest shareholder to fund an investment in a copper project located in the Republic
of Angola.
«In soliciting investments in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number
of friends; the investment was a credit
facility secured by a portfolio
of assets owned by one
of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the
loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one
of the Fake Fund Accounts.
This program extends
loans to small businesses engaged in the planning, design, or installation
of pollution control
facilities.
These
loans, limited to $ 1.5 million and not available to firms that were insured for their losses, are available to businesses
of any size that need to repair or replace
facilities to «pre-disaster» condition.
«Franchisees generally can't take out a
loan to buy the franchise, so they take a lot
of money out
of pocket to buy it, and then they need to put equity into the
facility,» says Fillet.
Digital Realty said it had a fully committed bridge
loan facility from Bank
of America / Merrill Lynch and Citigroup to finance the deal.
Note 3: We recorded additional interest expense related to the amortization
of debt issuance costs affiliated with our Term
Loan Credit Agreement and ABL
Facility.
In addition, at any time when incremental term
loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit
Facility exceeds the reported value
of inventory owned by the borrowers and guarantors, NMG will be required to eliminate such excess within a limited period
of time.
If the amount available under the Asset - Based Revolving Credit
Facility is less than the greater
of (i) 12.5 %
of the lesser
of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding
loans and, if an event
of default has occurred, cash collateralize letters
of credit.
If the amount available under the Asset - Based Revolving Credit
Facility is less than the greater
of 1) 12.5 %
of the lesser
of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding
loans and, if an event
of default has occurred, cash collateralize letters
of credit.
There is no scheduled amortization under the Asset - Based Revolving Credit
Facility; the principal amount
of the revolving
loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date
of the Senior Secured Term
Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).
In addition to extending the maturity
of a portion
of the existing term
loans under the Senior Secured Term
Loan Facility, the TLF Amendment changed the «applicable margin» used in calculating the interest rate under the term
loans.
These committed
facilities consist
of a $ 3.5 billion term
loan and a $ 1.6 billion bridge
loan that Loblaw plans to replace primarily through issuance
of unsecured notes.
If at any time the aggregate amount
of outstanding revolving
loans, unreimbursed letter
of credit drawings and undrawn letters
of credit under the Asset - Based Revolving Credit
Facility exceeds the lesser
of (a) the commitment amount and (b) the borrowing base (including as a result
of reductions to the borrowing base that would result from certain non-ordinary course sales
of inventory with a value in excess
of $ 25 million, if applicable), NMG will be required to repay outstanding
loans or cash collateralize letters
of credit in an aggregate amount equal to such excess, with no reduction
of the commitment amount.
The Asset - Based Revolving Credit
Facility provides that we have the right at any time to request up to $ 300 million of additional revolving facility commitments and / or incremental term loans, provided that the aggregate amount of loan commitments under the Asset - Based Revolving Credit Facility may not exceed $ 1,000
Facility provides that we have the right at any time to request up to $ 300 million
of additional revolving
facility commitments and / or incremental term loans, provided that the aggregate amount of loan commitments under the Asset - Based Revolving Credit Facility may not exceed $ 1,000
facility commitments and / or incremental term
loans, provided that the aggregate amount
of loan commitments under the Asset - Based Revolving Credit
Facility may not exceed $ 1,000
Facility may not exceed $ 1,000 million.
The Asset - Based Revolving Credit
Facility provides that NMG has the right at any time to request up to $ 300 million of additional revolving facility commitments and / or incremental term loans, provided that the aggregate amount of loan commitments under the Asset - Based Revolving Credit Facility may not exceed $ 1,000
Facility provides that NMG has the right at any time to request up to $ 300 million
of additional revolving
facility commitments and / or incremental term loans, provided that the aggregate amount of loan commitments under the Asset - Based Revolving Credit Facility may not exceed $ 1,000
facility commitments and / or incremental term
loans, provided that the aggregate amount
of loan commitments under the Asset - Based Revolving Credit
Facility may not exceed $ 1,000
Facility may not exceed $ 1,000 million.
In addition, at any time when incremental term
loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit
Facility exceeds the reported value
of inventory owned by the borrowers and guarantors, we will be required to eliminate such excess within a limited period
of time.
The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the
loans outstanding under the Senior Secured Term
Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering
of the LIBOR floor for
loans outstanding under the Senior Secured Term
Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing
of incremental term
loans, the proceeds
of which were used to repay the outstanding
loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount
of approximately $ 99.6 million, which is the amount
of loans held by such Non-Consenting Lenders on February 8, 2013.
In particular, Credit Suisse Securities (USA) LLC's affiliate, Credit Suisse AG, is the Administrative Agent and Collateral Agent for our Senior Secured Term
Loan Facility, and each
of the Underwriters (or an affiliate thereof), are Joint Bookrunners and Joint Lead Arrangers thereunder.
If at any time the aggregate amount
of outstanding revolving
loans, unreimbursed letter
of credit drawings and undrawn letters
of credit under the Asset - Based Revolving Credit
Facility exceeds the lesser
of (a) the commitment amount and (b) the borrowing base (including as a result
of reductions to the borrowing base that would result from certain non-ordinary course sales
of inventory with a value in excess
of $ 25 million, if applicable), we will be required to repay outstanding
loans or cash collateralize letters
of credit in an aggregate amount equal to such excess, with no reduction
of the commitment amount.
India's public sector National Hydroelectric Power Corperation (NHPC) has made a pact with Export Development Corporation
of Canada (EDC) for a C$ 175 million
loan facility.
Prior to joining Cerberus, Mr. Naccarato was a Vice President and Senior Credit Officer at Bank
of America Commercial Funding from 1997 to 2000, where he was responsible for managing all aspects
of credit relating to a
loan portfolio consisting
of middle market asset - backed credit
facilities.
Lynas said in its full year results last month it had just been breaking even in the low price environment and would «require either amendments to the terms
of its
loan facilities or alternative sources
of funding.»
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 %.
KeyBank N.A. provided the construction
loan and construction letter
of credit
facility for the project, while KeyBanc Capital Markets Inc. acted as lead arranger for the deal.
Lynas is also working on extending the debt runway for its Japan Australia Rare Earths (JARE)
loan facility, the bulk
of which matures in June 2018.
Loans under the new credit
facility bear interest, at the Company's 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 %.
GUELPH, Ontario, Canada, November 15, 2017 — Recurrent Energy, LLC («Recurrent Energy»), a wholly owned subsidiary
of Canadian Solar Inc. («Canadian Solar» or the «Company»)(NASDAQ: CSIQ), today announced it has closed on a combined construction
loan and construction letter
of credit
facility for the 20 MWac / 28 MWp Gaskell West 1 solar power project.
Loans under the credit
facility bear interest, at the Company's 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 plus 1.00 %, in each case plus a margin ranging from 0.00 % to 0.75 % or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00 % to 1.75 %.
Venture lenders (individuals or groups with a pool
of money, or specialized banking organizations)-- they may provide term and short - term
loans to technology businesses earlier than these
loans would become available from traditional financial institutions; however, these
loan facilities are usually reserved for businesses that have received venture capital investment and / or can demonstrate their ability to make
loan payments from cash flow.
Borrowings under our credit
facility bear interest at a per annum rate equal to, at our option, either (a) for LIBOR
loans, LIBOR (but not less than 1.0 %) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offe
loans, LIBOR (but not less than 1.0 %) or (b) for ABR
loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offe
loans, the highest
of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR
loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offe
loans and 2.25 % to 2.75 % for ABR
Loans, depending on our leverage ratio and on certain factors relating to this offe
Loans, depending on our leverage ratio and on certain factors relating to this offering.
In an effort to restart the securitization market, on November 25, the Fed announced the Term Asset Backed Securities
Loan Facility (TALF).14 In December, the FOMC announced that it would begin to significantly expand its balance sheet through purchases
of long - term assets including agency debt, agency mortgage - backed securities and long - term treasuries — the Large Scale Asset Purchase or LSAP program.
Its Wholesale Banking segment offers commercial
loans and lines
of credit, letters
of credit, asset - based lending, equipment leasing, international trade
facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online / electronic products.
Grants or small
loans could be part
of the plan to help
facilities with the expense, she said.
On December 28, 2011, the Company entered into a credit agreement, consisting
of a term
loan and a revolving credit
facility.
The revolving line
of credit, senior term
loan, and mezzanine term
loan facility were all terminated in August 2014.
As
of December 31, 2013, $ 2.3 million was outstanding under the senior term
loan, $ 9.0 million was outstanding under the mezzanine
facility, and nothing was outstanding under the revolving line
of credit.
ABR
loans under our Cash Flow
Facility bear interest at a variable rate equal to the applicable margin plus the highest
of (i) 3.5 %, (ii) the prime rate, (iii) the federal funds effective rate plus 0.5 %, and (iv) the adjusted LIBOR rate plus 1.0 %.
As
of December 31, 2013, the Company had term
loan facilities with a financial institution totaling $ 26.0 million consisting
of a $ 14.0 million revolving line
of credit, a $ 3.0 million senior term
loan, and a $ 9.0 million mezzanine term
loan facility.
However, in January 2010, we issued a warrant to the DOE in connection with the closing
of the DOE
Loan Facility to purchase shares
of our Series E convertible preferred stock.