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

Xtant Medical Announces Amendments to Credit Facility and Issuance of Warrants

Omaha World-Herald 17 Sep 2018

BELGRADE, MT, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Xtant Medical Holdings, Inc. (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 ... SOURCE ... Ph ... ....

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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 (2) for Alternate Base Rate Borrowings, the greater of KeyBank, ......

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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 rate plus about 1 percent taken on March 1st, 2016, maturing on March 1st, 2021....

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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. Alternate Base Rate floor of 2.00 plus 2.50% to the Alternative Base ... outstanding under the revolving facility from the Adjusted LIBO Rate....

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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. There’s far too much to cover in one article ... I. Survivor Type ... Well, yes and no ... That leaves $580 million. 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) ... ....

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

Seeking Alpha 05 May 2017

In mid February we also began our effort to further manage long term interest rates by entering into [Indiscernible] of floating to fixed LIBOR swaps that mature between four and five years ... 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....

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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 ... "This refinancing of our existing debt at improved interest rates and with lower cash interest expense will provide additional earnings per share for our shareholders," continued Loof ... ....

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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

This increase was mainly due to the FX rate variations that affected these contracts that are adjusted by the $/U$S exchange rate ... 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....

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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 ... These are highly attractive targets obviously because of their near term maturity but also because their high interest rate within the Valeant capital structure....

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