Sentences with phrase «new loan facility»

Rather interestingly, in November, they announced a new loan facility of up to $ 100 M from the IFC.

The expected new loan facility is to provide for 18 - months of interest - only payments (no amortization), which is designed to reduce the initial debt service burden on the Sponsor so that it has sufficient time needed to stabilize the Property.

Not exact matches

CDC / 504 loans can be used to acquire land or buildings, make capital improvements, build new facilities, or purchase machinery and equipment.

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 %.

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 %.

We expect that the New Credit Facility will contain a number of covenants that, among other things, restrict SSE Holdings» ability to, subject to specified exceptions, incur additional debt; incur additional liens and contingent liabilities; sell or dispose of assets; merge with or acquire other companies; liquidate or dissolve itself, engage in businesses that are not in a related line of business; make loans, advances or guarantees; pay dividends or make other distributions (with certain exceptions, including tax distributions and repurchases of management equity); engage in transactions with affiliates; and make investments.

In connection with the Offer, in August 2011, HP entered into a new # 5 billion ($ 8.2 billion) 364 - day unsecured bridge term loan agreement (the «Bridge Facility»).

Golub Capital acted as sole bookrunner, administrative agent and lead arranger on a $ 270 million delayed draw term loan to New Enterprise Associates» portfolio company Radiology Partners, raising the company's total GOLD facility to $ 1 billion.

Additionally, you can use these government small business loans to construct new facilities or renovate existing ones.

Remington will then have a new Asset Based Loan (ABL) facility of $ 193 million, the proceeds of which will refinance the existing ABL facility in full.

Unlike consumers seeking loans, small businesses seek access to capital to hire new workers or pursue growth opportunities — purchase inventory, upgrade or expand facilities, or develop new products and services.

Our institutions, unlike consumer loans or credit cards, give entrepreneurs access to financing when and where they need it — like hiring new employees on short notice, purchasing inventory, upgrading or expanding facilities and equipment and other time sensitive actions.

As the investor group was seriously interested a solution was found by way of a convertible loan and while that did not solve the facility and friends issue, it did protect the new investor group that consisted of some larger angel investors from across Canada.

New facilities included «honeymoon» loans, a wider range of fixed - rate loans and the introduction of «basic» loans at substantial discounts to the standard variable - rate home loan, with similar conditions to those offered by mortgage managers.

From my interpretation of the root article, this is for new construction, not for rental or loan payments for existing facilities.

Allow the New York State Power Authority to provide a loan for the repowering of an electric facility.

«On further inquiry, we found out that they mangled the fact that the loan is 2015 general election motivated; by dishing out the lame excuse that the loan is to enable Governor Chime's administration complete ongoing projects and also offset previous loan facility obtained from a new generation bank, which interest rate was jerked up astronomically.

Share this story Leave a comment What others are reading Agogo security men not shot by herdsmen — Fulani group challenges police CHAN 2018: Nigeria leave it late before beating Libya 1 - 0 Majeed Waris gets loan move to FC Porto Friday Briefing: New KATH facility, NCCE, nomadic herdsmen, Okudzeto, Rawlings Source: myjoyonline.com

Later in the day, she teamed up with fellow Democrat Congressman Sean Patrick Maloney in Orange County, at the Hudson Valley Technology Development Center in Newburgh, where she discussed how her legislation would create a competitive program that awards states and regions with funding to support local manufacturers through low - interest loans to build new facilities and upgrade equipment, and give access to capital and technical assistance to develop exporting opportunities and to connect small suppliers with larger companies.

Without the backing of a law, the program might rely on informal, one - off punishments like making businesses ineligible to receive preferential loans or build new facilities.

In connection with the termination of the Loan Agreement, the Company executed a non-binding term sheet with a third - party lender for a new $ 25M credit facility consisting of a $ 15M term loan and $ 10M revolLoan Agreement, the Company executed a non-binding term sheet with a third - party lender for a new $ 25M credit facility consisting of a $ 15M term loan and $ 10M revolloan and $ 10M revolver.

Launched in the fall of 2010, the MWCSF provides facility loans to charter schools located in Colorado, New Mexico, Utah and Wyoming.

The IBBF offers third party credit enhancements to secure charter schools» lease or loan payment obligations, providing facilities funding support to Indianapolis charter schools, either new or expanding, that are trying to do more with less.

CSDC Direct offers a variety of loan products that provide charter schools — especially new schools with little or no operating or credit history, and those serving low - income communities — with affordable financing options for the acquisition, construction, renovation and expansion of educational facilities.

In 2006, Camino Nuevo received an $ 8 million loan from the Los Angeles Charter School New Market Tax Fund — an innovative financing mechanism created by ExED in partnership with the U.S. Treasury Department — to develop a striking new facility for Camino Nuevo High School on the site of a former ice cream factoNew Market Tax Fund — an innovative financing mechanism created by ExED in partnership with the U.S. Treasury Department — to develop a striking new facility for Camino Nuevo High School on the site of a former ice cream factonew facility for Camino Nuevo High School on the site of a former ice cream factory.

RRIF direct loans can only be used to refinance outstanding debt incurred for certain types of eligible projects, including debt incurred to acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track, bridges, yards, buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.

RRIF guaranteed loans can only be used to refinance outstanding debt incurred for certain types of eligible projects, including debt incurred to acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track, bridges, yards, buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.

The LA - 1 project in coastal Louisiana received a $ 66 million TIFIA loan in 2005 for the first phase of a plan to replace an existing highway in need of repair due to subsidence, erosion, and frequent storm damage with a new tolled limited - access elevated facility.

· High Density Headlights · Tinted Windows · Zero Accidents · Only 2 Owners · Miles: 110,550 · Within the Last 3 months had tune - up (Brand new wires and spark plugs) 0 Problem (s) Reported: 15 Title / Problems areas checked: No abandoned title record No damaged title or major damage incident record No fire damaged title record No grey market title record No hail damage title record No insurance loss title or probable total loss record No junk or scrapped title record No manufacturer buyback / lemon title record No odometer problem title record No rebuilt / rebuildable title record No salvage title or salvage auction record No water damaged title record No NHTSA crash test record No frame / unibody damage record No recycling facility record 0 Event (s) Reported: 6 Vehicle uses checked: No fleet, rental and / or lease use record No taxi use record No police use record No government use record No livery use record No driver education record 1 Event (s) Reported: 9 Vehicle events checked: No accident record reported through accident data sources No corrected title record No duplicate title record No emission / safety inspection record Loan / Lien record (s) No fire damage incident record No repossessed record No theft record No storm area registration / title record

Businesses use term loans for growth and expansion activities, such as purchasing new equipment, moving into a new facility or refinancing other debts.

Purchasing commercial property to either set up a new facility — a store, office, warehouse, etc. — or to expand an existing one is often a major commitment for a small business, one that is usually financed by a commercial real estate loan.

The new loan results in a lower aggregate cost than the existing facility, Home Capital's Chief Financial Officer Brad Kotush said in a statement.

Refinancings, however, involve a new loan structure (i.e., new term, new agreements, etc.), which replaces the existing facility.

They are not good for financing entire new business ventures in which it could take years before the business starts to turn a profit or to build a new facility with a substantial mortgage because the money due on these loans is due within a year.

The only remaining such program, the Term Asset - Backed Securities Loan Facility, is scheduled to close on June 30 for loans backed by new - issue commercial mortgage - backed securities; it closed on March 31 for loans backed by all other types of collateral.

Federal Reserve Chairman Bernanke and Federal Reserve Bank of New York President Dudley respond to questions from the Congressional Oversight Panel about the Term Asset - Backed Loan Facility (TALF), explaining in detail the rationale and operation of the TALF.

In conversations with the bank, they tell Michael that if he signs up some of his employees to their super fund, the bank will reduce the interest rate on Michael's business loan and offer him a new overdraft facility.

Against this, a $ 21 - 24 mio loan facility would ensure a substantial margin of safety for a new lender.

These loans can cover start - up costs such as marketing, facility maintenance and repair or new - product launch expenses.

Without the backing of a law, the program might rely on informal, one - off punishments like making businesses ineligible to receive preferential loans or build new facilities.

The new loan is on top of its existing $ US1 billion of facilities in place.

A recent triumph for the company came in November 2015, as it announced a partnership with Americas biggest solar lease provider, Vivant Solar, which may indicate a shift from solar leases to solar loans for homeowners in the U.S.. Now, with the announcement of this new facility, Mosaic wants to continue to build, eyeing solar financing solutions of $ 1bn over the next year.

Modular Rooftop Thin - Film Solar PV Panels Could Revolutionize Market Solyndra Gets $ 535 Million Loan Guarantee From Dept of Energy for New Solar Panel Facility

The court's decision: Regarding Art. 136 (3) TFEU, the court said that the new possibility of establishing loan facilities for Eurozone members did weaken the principle of national budgetary autonomy, but that this weakening was balanced through the stabilizing impact such «aid payments» have on the currency union.

Regarding Art. 136 TFEU and its new paragraph (3) which allows Eurozone Member States to create loan facilities, the applicants argued that it was clarifying in intent but constitutive in nature.

Second, Davis Polk advised Valeant in connection with the borrowing of approximately $ 3 billion of new term loans maturing in 2022 and several amendments to Valeant's existing credit facility to provide increased operational flexibility.

The offer is to be financed through a combination of SoftBank's existing cash resources and borrowings under a new ¥ 1 trillion (approximately # 7.3 billion) term loan facility.

New York City Banking & Finance partner Alex Margolis authored this column discussing trends in incremental loan facilities.

For Aegon Life iIncome Insurance Plan, facility of loan is not available LIC New Money Back Plan 20 Years provides loan facility.

For LIC New Jeevan Mangal, facility of loan is not available HDFC Life Pro Growth Plus does not provide loan facility.