- reprice the existing term loans under the Term Loan Facility;
- extend its maturity by approximately three years to
March 2025; and
- increase borrowings under the Euro denominated tranche of the Term Loan Facility by approximately
$100 to $200 million.
The Company plans to use the proceeds from additional borrowings under the Euro denominated tranche to pay down a portion of the existing U.S. dollar denominated tranche under the Term Loan Facility.
The Company anticipates holding lender conference calls to discuss the financing on
FORWARD LOOKING STATEMENTS
Some of the statements in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release includes forward-looking statements that reflect our plans, beliefs, expectations, and current views with respect to, among other things, future events and financial performance. Forward-looking statements are characterized by the use of words such as "expects," "intends," "plans," or "anticipates."
All forward-looking statements in this press release, including statements regarding timing, completion, structure and results of the financing, are made based on management's current expectations and estimates, which involve known and unknown risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed in forward-looking statements. These risks and uncertainties are more fully described in our latest Annual Report on Form 10-K, including but not limited to "Part I, Item 1A. Risk Factors" and "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" therein, and in our other filings with the
For Further Information:
H. Gene Shiels 281-504-4886
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