WebJun 29, 2024 · Debt Accordions: A loan provision which allows the borrower to add additional investors to the loan subsequent to the initial loan date. This provision helps …

Tranche A/RCF Joint Bookrunners Definition Law Insider

Webcredit fund (RCF) tranche. A good example would be the recent – and, at the time, record – $33bn buyout of HCA by Bain Capital, KKR and Merrill Lynch Global PE. A $2bn ABL loan … WebIt drew down the full amount of the $255 million new bank loan ($67 million being the RCF tranche) and repaid the $363 million outstanding on the former term loan, reducing gross debt by $108 million. ... M&P decided to keep the shareholder loan at its current level of $82 million and not to draw down the second tranche of $100 million. courtyard by marriott provo utah

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WebIn the event of repayment of a drawn amount (tranche) under the RCF before the end of an agreed period for that tranche, prepayment fees or Floating Rate breakage costs are likely … WebJul 7, 2024 · Minimum liquidity is typically where lenders require the aggregate amount of cash, cash equivalent investments, availability under an RCF (or overdraft) and … WebThe RCF usually ranks super-senior vis-a-vis the unitranche and will take priority in payment upon enforce-ment. However, it is worth noting that because the unitranche is usually the largest piece of the capital struc-ture, unitranche lenders customarily retain the ability to trigger acceleration and enforcement, thus protecting their position. courtyard by marriott quantico va