The group also lends through short -
term credit facilities, essentially providing a credit line to a particular entity, such as a private equity fund.
NEWS RELEASE FOR IMMEDIATE RELEASE April 9, 2018 Byline Sponsor Finance Group supports Kian Capital in its acquisition of The Retrofit Source Byline Bank's Sponsor Finance Group («BSFG»), the cash flow lending division of Chicago - based Byline Bank, announced that it has provided revolver and
term credit facilities to finance Kian Capital's («Kian») investment in The Retrofit -LSB-...]
Byline Bank's Sponsor Finance Group («BSFG»), the cash flow lending division of Chicago - based Byline Bank, announced that it has provided revolver and
term credit facilities to finance Salt Creek Capital's («Salt Creek»)-LSB-...]
And thanks to management recently increasing the size of its short -
term credit facility, Welltower has a total of $ 2.77 billion in available liquidity to continue growing in the years to come.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable
terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our
credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our
credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving
credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
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.
He can see a scenario where CI buys back its own shares, but to do that it will have to use up its short -
term investment balance of $ 95 million and its undrawn
credit facility of $ 250.
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.
These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt
facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the
credit and capital markets at the times and in the amounts needed and on acceptable
terms; and other events beyond the Company's control that may result in unexpected adverse operating results.
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).
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.
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.
«This
credit facility provides OnDeck with long -
term committed funding to support future loan growth.
The actual
terms of the New
Credit Facility will depend on the results of negotiations with lenders.
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.
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.
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 % for the
term loan only) 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 offering.
All other significant
terms of the
Credit Facility remained unchanged from the original debt.
Borrowings under the refinanced
Credit Facility bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the
Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.
The primary purpose of the refinance was to decrease the interest rate for the
term of the
Credit Facility.
DataBank completed a $ 410 million
term loan B
credit facility, providing the company with additional capital at a lower cost.
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.
Ray focuses on financial services and commercial real estate, with a specialization in negotiated private placements of
term asset - backed securities, warehouse
credit facilities, whole loan transactions, subordinated debt financings, and other transactions for specialty finance companies and commercial real estate.
The financing comprises a US$ 4bn secured revolving
credit facility (RCF), a US$ 7bn secured
term loan B, a US$ 19bn two - year secured bridge loan and an US$ 8bn unsecured high - yield bridge.
SPENDING MONEY: Dominick «s Finer Foods Inc. has arranged a $ 120 million
term loan and revolving
credit facility from a group of U.S. and foreign banks including Chemical Bank, Mitsubishi Trust and Banking Corp., Kleinwort Benson Ltd., First Wisconsin National Bank and Shawmut Bank.
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 revolver.
Launched in 2010 in partnership with the Indianapolis Mayor's Office, this $ 2 million program offers
credit enhancement solutions to help Indianapolis charter schools secure
facilities upon advantageous lease and loan
terms, enabling them to maximize their educational funding.
In view of the current challenges in
terms of cash availability, Nissan and Datsun dealers are extending the
facility of cashless payment options such as Cheques, Debit /
Credit cards and eWallets to purchase parts or services.
In recent
credit rating reports, Moody's has indicated support for bank
credit facilities, which can be used to «backstop» short -
term commercial paper maturities.
The Federal Reserve has launched the
Term Asset - Backed Securities Loan
Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial
Facility to facilitate the extension of
credit to households and small businesses and anticipates that the range of eligible collateral for this
facility is likely to be expanded to include other financial
facility is likely to be expanded to include other financial assets.
The expiration date of the Asset - Backed Commercial Paper Money Market Mutual Fund Liquidity
Facility (AMLF), the Commercial Paper Funding
Facility (CPFF), the Primary Dealer
Credit Facility (PDCF), and the
Term Securities Lending
Facility (TSLF) is extended through February 1, 2010.
The Federal Reserve Board announces that it will extend three liquidity
facilities, the Primary Dealer
Credit Facility (PDCF), the Asset - Backed Commercial Paper Money Market Fund Liquidity
Facility (AMLF), and the
Term Securities Lending
Facility (TSLF) through April 30, 2009.
The Commercial Paper Funding
Facility, Asset - Backed Commercial Paper Money Market Mutual Fund Liquidity
Facility, Primary Dealer
Credit Facility, and
Term Securities Lending
Facility programs expire.
This assurance of liquidity effectively confers on such issues, for the short
term, the
credit standing of the financial institution providing the
facility, thereby competing with MBIA Corp. and other financial guarantee insurers in providing interest cost savings on such issues.
This
credit facility is comprised of a $ 2.0 billion revolving
credit facility and a $ 250 million five - year unsecured
term loan.
In Europe, the European Central bank focuses on three key interest rates for the Euro area as its way to manage inflation and the economy: the main short
term lending interest rate on the main refinancing operations (MRO); the rate on the deposit
facility which banks may use to make overnight deposits; the rate on the marginal lending
facility, which offers overnight
credit to banks.
Be careful Banks may offer additional benefits like free
credit cards or accident insurance to prompt you for availing loan transfer
facility, try to analyze such offers very carefully and the
terms and conditions before taking any decision.
The
term of
credit facility is a maximum of one year.
Our structured program will help you, over a period of time, to access
credit facilities from a position of strength and on favorable
terms.
On August 8, 2012, Blue Buffalo Company, Ltd., our wholly - owned indirect subsidiary, entered into a senior secured
credit agreement, or
credit agreement, with Citibank, N.A. as the administrative agent, swingline lender and issuing bank, Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners, Morgan Stanley Senior Funding, Inc. as syndication agent, and the lenders from time to time party thereto, which provided us with our
term loan
facilities and our revolving
credit facility.
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.
The way it's usually worded in the
credit cards»
terms and conditions is that you might be evacuated to the nearest medical
facility that can provide you with adequate medical care.
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.
Prior to joining Robinson + Cole, Mr. Kaufman was an associate at Cahill Gordon & Reindel LLP in New York, NY, where his practice focused on syndicated
term and revolving
credit facilities.