The remaining net proceeds reportedly will be used for general corporate purposes and to reduce
outstanding borrowings under Taubman's revolving lines of credit.
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.
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.
That couple of billion dollars is the sum total of
all outstanding borrowings at the Discount Rate.