The company has entered in to a credit agreement that contains a $100 million revolving credit facility and a $150 million term loan facility.
The new $100 million revolving credit facility will be used to supplement cash flows available for the acquisition of purchased receivables in addition to other general corporate purposes. The new facility includes an accordion loan feature which permits a $25 million credit limit extension, should the Company require additional access to capital to support future operations. The new revolving credit facility has a five-year-term expiring June 12, 2012.
The $150 million term loan facility will be use to fund a previously announced plan to return $150 million to shareholders.
The new term loan facility will mature on June 12, 2013 and will amortize $1.5 million per year (in quarterly installments beginning on or about September 30, 2007), with any remaining principal due at final maturity.
2007-06-07 07:46:39 · 3 answers · asked by hsirbma 1 in Business & Finance ➔ Corporations
Not a homework ques but due diligence for a job opportunity
The company has entered in to a credit agreement that contains a $100 million revolving credit facility and a $150 million term loan facility.
The new $100 million revolving credit facility will be used to supplement cash flows available for the acquisition of purchased receivables in addition to other general corporate purposes. The new facility includes an accordion loan feature which permits a $25 million credit limit extension, should the Company require additional access to capital to support future operations. The new revolving credit facility has a five-year-term expiring June 12, 2012.
The $150 million term loan facility will be use to fund a previously announced plan to return $150 million to shareholders.
The new term loan facility will mature on June 12, 2013 and will amortize $1.5 million per year (in quarterly installments beginning about Sept 30, 2007), with any remaining prin. due at final maturity.
2007-06-07 09:23:18 · update #1
The company has overwhelming liabilities.
2007-06-07 07:54:05 · answer #1 · answered by DeepNight 5 · 0⤊ 0⤋
sorry, no. You need to read your books, do your research and do your own homework. Just by placing this outside of 'homework help' does not mean we're stupid enough to fall for it. You won't learn anything if you don't do the work yourself.
2007-06-07 07:55:12 · answer #2 · answered by Enchanted 7 · 0⤊ 0⤋
Answer your own final exam questions.
2007-06-07 07:50:46 · answer #3 · answered by TedEx 7 · 1⤊ 0⤋