Signed Jun 3, 2013
- Committed
- $975m
- Matures
- Nov 2027
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving Credit Facility | $975m | Nov 2027 | 325–625 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Period | Eleventh Amendment Effective Date through September 30, 2026 | 325 bps | n/a |
| Level Period | October 1, 2026 through Maturity Date | 625 bps | n/a |
| Level Fee initial | From Ninth Amendment Effective Date until Calculation Date for quarter ending June 30, 2024 | n/a | 28 bps |
| Level Fee Level 1 | Net Leverage Ratio ≥ 4.50:1.00 | n/a | 33 bps |
| Level Fee Level 2 | Net Leverage Ratio ≥ 4.00:1.00 and < 4.50:1.00 | n/a | 30 bps |
| Level Fee Level 3 | Net Leverage Ratio ≥ 3.50:1.00 and < 4.00:1.00 | n/a | 28 bps |
| Level Fee Level 4 | Net Leverage Ratio ≥ 3.00:1.00 and < 3.50:1.00 | n/a | 25 bps |
| Level Fee Level 5 | Net Leverage Ratio ≥ 2.50:1.00 and < 3.00:1.00 | n/a | 20 bps |
| Level Fee Level 6 | Net Leverage Ratio < 2.50:1.00 | n/a | 18 bps |
§1.1
Lenders: WELLS FARGO SECURITIES, LLC, BofA Securities, Inc., PNC BANK, NATIONAL ASSOCIATION, U.S. BANK, NATIONAL ASSOCIATION, BMO BANK N.A.