Sentences with phrase «of senior secured loans»

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The SBA describes the program thusly: «Typically, a 504 project includes a loan secured with a senior lien from a private - sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (a 100 percent SBA - guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.

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).

MADISON, N.C., Feb. 12, 2018 / PRNewswire / — Remington Outdoor Company («Remington» or «the Company») today announced that it has reached a Restructuring Support Agreement («RSA») with creditors holding a majority of the FGI Operating Company, LLC («FGI OpCo») Term Loans due in 2019 and 7.875 % Senior Secured Notes due in 2020 (the «Third Lien Notes»)(collectively, the «Consenting Creditors»).

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.

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.

At Bear, Stearns & Co., Mr. Abbott served as a Vice President in Financial Analytics & Structured Transactions (F.A.S.T) where he structured and reverse engineered complex CDO transactions, secured by a wide range of debt products, including high yield bonds, senior secured leverage loans, trust preferred bank loans, RMBS as well as other esoteric receivables.

Such strategies involve investing predominantly in corporate credit, including senior secured and mezzanine loans and high yield, distressed and high grade debt securities, private equity controlled positions, real estate investment and investment in pools of non-performing loans in Europe and Asia.

TSLX seeks to generate current income primarily through direct senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities.

Peabody Energy reduced the interest rate and extended the maturity of its senior secured term loan.

The loans are all floating rate senior loans with an average origination LTV (loan to value) of 63 % secured by institutional real estate in major markets.

B&G Foods completed the refinancing of its senior secured credit facility, increasing the principal amount of the tranche B term loans by $ 10 million to approximately $ 650 million and the aggregate commitments under its revolving credit facility from $ 500 million to $ 700 million.

RiceBran Technologies Receives Extension on Senior Secured Term Loan and Revolving Line of Credit with Great Elm Capital

Inventure entered into a new $ 60 million senior secured term loan and a new $ 30 million senior secured revolving line of credit with a syndicate of lenders led by U.S. Bank National Association pursuant to a Credit Agreement, a Security Agreement and certain other customary ancillary agreements to fund the purchase and re-pay two existing equipment term loans totaling $ 8.4 million and the existing revolving line of credit totaling $ 17.6 million as of Nov. 8.

The fund invests under normal circumstances at least 80 % of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments, and in derivatives and other instruments that have economic characteristics similar to such securities.

Bank Loans are represented by the CSFB Leverage Loan Index, which is a representative index of tradable senior - secured U.S. dollar - denominated non-investment grade lLoans are represented by the CSFB Leverage Loan Index, which is a representative index of tradable senior - secured U.S. dollar - denominated non-investment grade loansloans.

Senior secured loans: Leveraged Loans or senior loans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity hoSenior secured loans: Leveraged Loans or senior loans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity holloans: Leveraged Loans or senior loans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity holLoans or senior loans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity hosenior loans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity holloans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity holders.

Its investment portfolio consists of senior secured first lien loans and senior secured second lien loans.

We are pleased to announce that the eREIT has acquired its first asset — a senior - secured loan that will be used for the renovation of a 2 - unit luxury condominium building in Long Island City, NY.

Your portfolio now includes an approximate $ 3,125,000 senior secured loan, which will go toward the acquisition of a 28,680 sq ft site in the Highland Park submarket of Los Angeles.

The West Coast eREIT ™ has acquired a senior secured land loan that will be used for the acquisition of an 11,324 SF site in the Central LA neighborhood of Echo Park.

Your portfolio has acquired a $ 10,000,000 senior secured construction loan in the Hollywood neighborhood of Los Angeles, California.

A $ 42.5 senior secured term loan maturing January 15, 2009 with an interest rate of 9.8 % per annum.

Senior loans rank higher in the capital structure and are secured to the assets of the business, unlike the unsecured nature of high yield bonds.

The Income eREIT ™ has acquired a senior secured land loan that will be used for the acquisition of a 18,204 SF site in East LA's Silver Lake neighborhood.

The Guggenheim Enhanced Adjustable Rate Senior Loan ETF will have at least 80 percent of its assets invested in adjustable - rate senior secured loans as well as adjustable - rate revolving credit facilities, the filingSenior Loan ETF will have at least 80 percent of its assets invested in adjustable - rate senior secured loans as well as adjustable - rate revolving credit facilities, the filingsenior secured loans as well as adjustable - rate revolving credit facilities, the filing said.

As of March 31, 2015, our senior secured credit facilities consisted of $ 390.1 million of outstanding term loans maturing on August 8, 2019 and an undrawn $ 40.0 million revolving credit facility (which includes borrowing capacity available for letters of credit and for short - term borrowings) maturing on August 8, 2017.

The credit agreement was amended on December 6, 2012, February 15, 2013 and December 9, 2013 to, among other things, provide additional term loan borrowings, allow for distribution of dividends of $ 50.0 million and to re-price our senior secured credit facilities.

Peter's private placement practice involves the representation of both issuers and institutional investors in connection with a wide variety of structures and securities, including secured and unsecured senior debt securities, subordinated debt, convertible debt, preferred stock, warrants, trust - preferred securities, merger and acquisition financing, ESOP financings, credit tenant loans, leveraged leases and other structured financings, together with related workout and other restructuring transactions.

Davis Polk advised the joint lead arrangers, joint bookrunners and the joint co-managers with respect to a $ 2.925 billion senior secured first - lien term loan facility provided to Avaya Inc. and a $ 300 million secured asset - based facility provided to Avaya and certain of its foreign subsidiaries in connection with its emergence from Chapter 11 bankruptcy.

Davis Polk advised the administrative agent, and the joint lead arrangers in connection with senior secured credit facilities provided to Black Knight InfoServ, LLC, consisting of a $ 1.25 billion term loan A facility and a $ 750 million revolving credit facility.

Our Debt Finance team has extensive expertise with all types of debt financings, such as senior secured first and second lien loans, unitranche and mezzanine loans.

Representation of a national bank concerning multilender senior secured credit facility involving revolving and mortgage term loans.

The Colliers Atlanta Capital Markets Group led by Senior Vice President Forrest Speed secured the loan on behalf of Bloomfield Investments LLC, the operating company subsidiary of developer, Spectrum Capital LLC.

Ferlito said it is «close to impossible to raise money in Detroit, at least in senior debt, which is typically secured, priority loans or borrowed money that a company must repay first if it goes out of business, for downtown.

In one of the largest mortgages secured by seniors housing properties ever provided by Fannie Mae, Seniors Housing Properties Trust (NYSE: SNH) closed on a $ 512.9 million loan in early seniors housing properties ever provided by Fannie Mae, Seniors Housing Properties Trust (NYSE: SNH) closed on a $ 512.9 million loan in early Seniors Housing Properties Trust (NYSE: SNH) closed on a $ 512.9 million loan in early August.

HFF worked exclusively on behalf of the borrower, a joint venture between Madison Marquette Retail Enhancement Fund, Barron Collier Companies and The Lutgert Companies to secure a five - year, floating - rate bridge loan through managing director Dan Martin and senior relationship manager Andy McLay at GE Capital Real Estate.

HFF also worked on behalf of the buyer to secure a low leverage, fixed - rate, non-recourse senior mortgage loan through Stonegate Bank to acquire the property.

LOS ANGELES — Karlin Real Estate Lending has provided Pontus Capital LLC with a $ 7.2 million senior secured loan to fund the acquisition of a four - property, triple net leased medical office portfolio in Louisiana from a private mental health operator.

Gemino Healthcare Finance, a specialty finance company and portfolio company of Solar Senior Capital Ltd. that is focused on providing senior secured loans to healthcare service providers, recently funded a $ 6 million senior secured credit facility on behalf of an affiliate of New England senior living operator, Wingate HealtSenior Capital Ltd. that is focused on providing senior secured loans to healthcare service providers, recently funded a $ 6 million senior secured credit facility on behalf of an affiliate of New England senior living operator, Wingate Healtsenior secured loans to healthcare service providers, recently funded a $ 6 million senior secured credit facility on behalf of an affiliate of New England senior living operator, Wingate Healtsenior secured credit facility on behalf of an affiliate of New England senior living operator, Wingate Healtsenior living operator, Wingate Healthcare.

A joint venture between The Carlyle Group and Pelican Builders just secured a $ 55.2 million senior loan for the development of The Wilshire, a 17 - story, 96 - unit luxury condominium project.

Cushman & Wakefield Sonnenblick Goldman, serving as the exclusive advisor to an affiliate of Centro Properties Group, arranged an $ 18.2 million senior loan secured by a portion of the 425,000 - square - foot Freshwater - Stateline Plaza shopping center in Enfield, Conn..

HFF senior managing director Mike Tepedino and director Steven Klein worked exclusively on behalf of the borrower, a joint venture between Acadia Strategic Opportunity Fund II, LLC and P / A Associates, to secure the loan through M&T Bank and Capital One Bank.

«Through the pre-construction sale mechanism, condo hotels provide developers with a vehicle to secure a significant amount of senior debt financing,» says Robert Kaplan, managing director of Holliday Fenoglio Fowler's Miami office, which arranged the loan.

The other 119 loans, with an unpaid principal balance of $ 1.1 billion, are secured by seniors housing and healthcare properties.