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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Deutsche Bank Agents $303.9MM Facility for Alliance One International
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Lenders/Participants
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Deutsche Bank [Administrative Agent]
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Structure
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Revolver
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Amount
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$303.900
Million
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Borrower(s)
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Alliance One International
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Description
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Agreement to amend and restate its senior secured revolving credit facility. Upon the effectiveness of the amendment and restatement, the senior secured revolving credit facility will be in the amount of approximately $303.9 million, which will automatically reduce to approximately $210.3 million in April 2014, and will mature in April 2017, subject to a springing maturity in April 2014 if by that date the company has not deposited sufficient amounts to fund the repayment at maturity of all then outstanding 5 ½% convertible senior subordinated notes due 2014 of the company (the "Convertible Notes"). Borrowings under the amended senior secured revolving credit facility will initially bear interest at an annual rate of LIBOR plus 3.75% and base rate plus 2.75%, as applicable, though the interest rate under the amended senior secured revolving credit facility will be subject to increase or decrease according to a consolidated interest coverage ratio.
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Industry
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Tobacco
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| Related Tags |
Deutsche Bank
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ABL Advisor
Deal Tables
2025
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