with respect to any Inventory, except as Agent may otherwise agree (or to the extent otherwise provided in the definition of the term Eligible In-Transit Inventory), a tangible, negotiable xxxx of lading or other Document (as defined in the UCC) that (a) is issued by a common carrier whi...
“With a revolver-only facility the typical FCC covenant is set at 1.0x,” Freeman noted, “and with a revolver plus term loan facility, the typical FCC covenant is set at 1.10x or higher.” The ABL is secondarily underwritten to the historical and projected financial performance of the ...
SR Technics Receives ABL Loan From GE Unit.(asset-based term loan facility from GE Commercial Aviation Services)(Brief Article)McDermott, Judy
TAB Bank provided two printing companies based in Ohio with a $5 million credit facility. The facility consists of a $4 million revolver and a $1 million term loan. The new facility is extended through a multi-year agreement and will provide for the...Read Story ...
SSG Capital Advisors acted as investment banker to Winona Foods, Inc. in the private placement of a term loan. The term loan was placed alongside a revolving credit facility. The new financing was utilized to refinance existing indebtedness and will...Read Story ...
Onboard any deal (AR, inventory, term) and customize as needed (sublimits, ineligibles, lockbox). Instantly calculate availability and streamline advance approvals. Seamless Insights Get immediate visibility with real-time dashboards and 30+ standard reports. Design your own reports in minutes to...
Monitoring costs: Borrowers may face additional reporting requirements and expenses, with lenders closely monitoring the value of the collateral throughout the loan term. Higher interest rates: ABL loans can sometimes come with higher interest rates. Try our Trade Credit Insurance ROI Calculator Ty...
Grantor means each and all of the persons or entities granting a Security Interest in any Collateral for the Loan, including without limitation all Borrowers granting such a Security Interest. Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of thi...
The New Term Loan Facility was priced at an interest rate of Term SOFR + 2.75%. The new Term B Loans were issued with a 1.0% original issue discount. Annual cash interest expense is expected to increase by $0.9 million. The maximum availability under th...
s existing senior secured term loan facility, to repay a portion of the outstanding borrowings under A&F Management’s existing senior secured asset-based revolving credit facility (the “Amended ABL Facility”), and to pay fees and expenses in connection with such repayments and...