LIBO rate (reserve adjusted)

The LIBO rate means, relative to any interest period for LIBO rate loans, the rate of interest equal to the average of the rates per annum at which dollar deposits in immediately available funds are offered to the administrative agent’s LIBOR office in the London interbank market as at or about 11:00 a.m. London, England time two business days prior to the beginning of such interest period for delivery on the first day of such interest period, and in an amount approximately equal to the amount of the administrative agent’s LIBO rate loan and for a period approximately equal to such interest period.

Notes

↑ Rounded upwards, if necessary, to the nearest 1/16 of 1%

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/LIBO_rate_(reserve_adjusted)

Latest News for: Libo rate

Edit

CSS Industries Announces New $125 Million Asset-Based Credit Facility

Market Watch 07 Mar 2019

Borrowings under the ABL Facility generally bear interest at a London interbank offered rate (“Adjusted LIBO Rate”), plus a margin ranging from 2.00% to 2.50% ... however, during the first year of the ABL facility, the applicable interest rate will be Adjusted LIBO Rate plus 2.50%....

Edit

SurveyMonkey Amends Credit Facility, Reduces Debt By Over $100M

Odessa American 11 Oct 2018

Interest under the 2017 Agreement was based upon the LIBO Rate plus a spread for the term loan and revolving loan facility of 4.5% and 4.0%, respectively. Terms of the New Agreement for the term loan are based on an adjusted LIBO Rate plus a spread of 3.75%....

Edit

Xtant Medical Announces Amendments to Credit Facility and Issuance of Warrants

Omaha World-Herald 17 Sep 2018

(NYSE American ... -- The interest rate for the Optional PIK Interest (as defined in the agreement) for the period January 1, 2019 through June 30, 2019, was reduced from 15.00% plus LIBO rate to 10.00% plus LIBO rate. -- A minimum LIBO rate of 2.3125% was provided for the period January 1, 2019 through maturity of the credit facility on July 31, 2020 ... ....

Edit

Griffin Capital Essential Asset(R) REIT II Expands Credit Facility to $750 Million

Market Watch 11 Jul 2018

At the option of the REIT's operating partnership, draws under the facility bear interest at per annum rates equal to (1) for Eurodollar Borrowings, the Adjusted LIBO Rate plus a margin ranging from 1.25 percent to 2.20 percent based on the REIT's consolidated leverage ratio or ......

Edit

The Cooper Companies Could Overheat With Acquisitions

Seeking Alpha 30 May 2018

$1.425 billion term loan at the LIBO rate plus about 1 percent taken on November 1st, 2017, maturing on November 1st, 2022. $1.0 billion revolving credit facility at the LIBO rate plus about 1 percent taken on March 1st, 2016, maturing on March 1st, 2021 ... $830 term loan at the LIBO ......

Edit

Select Medical Holdings Corporation Announces Results For Its First Quarter Ended March 31, 2018

Dothan Eagle 03 May 2018

decreases the applicable interest rate on the term loans from the. Adjusted LIBO Rate (as defined in the credit agreement and subject to. an Adjusted LIBO floor of 1.00 plus 3.50% to the Adjusted LIBO Rate ... Base Rate (as defined in the credit agreement and subject to an ... outstanding under the revolving facility from the Adjusted LIBO Rate....

Edit

Tesla's 10-K Shows A Newfound Modesty

Seeking Alpha 26 Feb 2018

Tesla’s (NASDAQ.TSLA) 2017 Annual Report (10-K) arrived last week. As always, it was fascinating to read, both for what it said and what it omitted ... I. Survivor Type ... Add another $175 million for the “Incremental Commitments” and you have $755 million of additional secured borrowing capacity (at, as Bill Maurer has pointed out, escalating LIBO rates) ... ....

Edit

Casella Waste Systems' (CWST) CEO John Casella on Q1 2017 Results - Earnings Call Transcript

Seeking Alpha 05 May 2017

... interest rate on our $350 million term loan B from LIBOR plus 300 points to LIBOR plus 275 basis points. We also reduce the interest rate step down to now in our consolidated net leverage ratio is at or below 3.75 times, our interest rate was drop to LIBO plus 250 basis points....

Edit

KEMET Announces Completion of Refinancing; Significant Lowering of Annual Interest Expense; Added Operational Flexibility

Market Watch 01 May 2017

The Term Loans were sold at 97 (with an original issue discount of 300 bps), and will bear interest at KEMET's option at the Base Rate + 500 bps or LIBO + 600 bps (with a 100 bps LIBO floor), and reflect a current Corporate Rating of B3/B....

Edit

Telecom Argentina S.A. announces consolidated results for the annual period ('FY16') and fourth quarter for fiscal year 2016 ('4Q16')

Market Watch 08 Mar 2017

On October 6, 2016 Personal and the IFC signed a loan agreement for an amount of U$S 400 million and for a six year period, payable in 8 equal half-yearly installments commencing on the 30th month, at a 6 month LIBO rate plus 400bp spread ... The mentioned notes have a local risk rating issued by FIX SCR S.A....

Edit

Valeant: Chipping Away, Billion By Billion

Seeking Alpha 06 Mar 2017

I expect Valeant repaid the A-3 tranche which isn’t their most attractive debt to repay from an interest rate perspective but it is close to maturity and subject to rate adjustments. ... Interest Rate. Base Rate Borrowings. LIBO Rate Borrowings ... Obviously, the figure isn’t highly reliable but it shows a growth rate of 71%....