Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Optimum Communications, Inc. incurred term loan of $2,000,000,000 with the incremental lender party thereto at Term SOFR rate or the alternate base rate, as applicable, plus the applicable ma maturing the earlier of (i) January 15, 2028 and (ii) April 15, 2027.
- Instrument
- term loan
- Principal
- $2,000,000,000
- Counterparty
- the incremental lender party thereto
- Rate
- Term SOFR rate or the alternate base rate, as applicable, plus the applicable ma
- Maturity
- the earlier of (i) January 15, 2028 and (ii) April 15, 2027
- Event
- incurrence
Exact text from the filing
The Fourteenth Amendment provides for, among other things, new incremental term loan commitments (the “Incremental Term Loan B-7 Commitments”) in an aggregate principal amount of $2,000,000,000, with an extended maturity until the date that is the earlier of (i) January 15, 2028 and (ii) April 15, 2027
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Optimum Communications, Inc. incurred term loan of $2,000,000,000 with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at 9.000% maturing November 25, 2028.
- Instrument
- term loan
- Principal
- $2,000,000,000
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
- Rate
- 9.000%
- Maturity
- November 25, 2028
- Event
- incurrence
Exact text from the filing
The UnSub Credit Agreement provides for, among other things, initial term loan commitments in an aggregate principal amount of $2,000,000,000. The loans made pursuant to the initial term loan commitments (the “UnSub Term Loans”) will (i) mature on November 25, 2028, (ii) accrue interest at a fixed rate per annum equal to 9.000% and (iii) not amortize.
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