The maturity date for the term loans and revolving loans
was also extended by three years.
The Poverty Pockets Program productivity projects implemented in the district include the Consumer market (Al Hamra Military Retirees Association), a Productive kitchen at Faa social development society and the revolving loan
program which has been implementation through Hosha district Cooperated Society, and has benefited more than 50 individuals to date.
The new credit facility provides the Company with US $520 million of US A term loans, [euro]335 million of Euro A term loans, Cdn $81 million of Canadian A term loans and a US $800 million multicurrency revolving loan
0bn multi-currency revolving loan
facility that matures on 14 January 2020, which have a flexibility among other things such as making acquisitions, paying dividends, repurchasing stock and incurring further debt.
Though IntegraMed possesses a healthy balance sheet with cash and cash equivalents of approximately $40 million at May 26th, we felt the extension and expansion of our credit facilities out to May 2013, particularly on a revolving loan
basis, was prudent and will better align our working capital needs with our growth strategy.
The $2,000,000 block on revolver availability that had been put in place in connection with certain waivers provided by CIT in the past has been eliminated and the interest rate on both the revolving line of credit and term loan has been reduced by 25 basis points from the applicable levels on the old credit facility to prime on the revolving loan
and prime plus 0.
TSX:VTS)(NYSE:VTS) announced today that it has entered into a new five-year $85 million revolving loan
agreement with a syndicate of banks led by Wells Fargo Bank, National Association, as U.
Initially, for the A term loans and revolving loans
the margin will be 1.
The proceeds of the term loan were used to repay the pre-existing $65 million term loan and outstanding revolving loans
, as well as transaction fees and expenses, including a prepayment premium.
SLFT is invested primarily in senior secured loans and revolving loans
, which are marked to market weekly, and an overcollateralization (OC) test is required to be met daily.
At the time of closing, the Company will have approximately $92 million drawn in revolving loans
and have approximately $37 million in letters of credit issued thereunder.