ITEM 1.01 Entry into a Material Definitive Agreement.
On
Borrowings under the Supplemental Facility bear interest, at the Company's
election, at either (i) (x) for Term Benchmark Loans, the Adjusted Term SOFR
Rate, the applicable Local Rate, the Adjusted EURIBOR Rate, or the Adjusted
TIBOR Rate, (y) for RFR Loans, if denominated in Sterling, SONIA plus a
benchmark adjustment and if denominated in Dollars, Daily Simple SOFR plus a
benchmark adjustment, or (z) for Daily SOFR Loans, the Adjusted Floating
Overnight Daily SOFR Rate, in each case of clauses (x) through (z) above, plus a
margin determined by the Company's corporate credit rating of between 0.650% and
1.400% or (ii) for loans denominated in
The Supplemental Facility provides for borrowings denominated in
The Supplemental Facility provides for borrowings for general corporate purposes.
The Supplemental Facility contains ongoing covenants relating to total and
secured leverage to capitalization value and minimum EBITDA coverage and
unencumbered EBITDA coverage requirements. Payment under the Supplemental
Facility can be accelerated if the Company or its general partner,
A copy of a press release and the Supplemental Facility agreement are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference and constitute part of this report.
ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure required by this Item is included in 1.01 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 99.1 Press release datedOctober 26, 2021 99.2 Amended and Restated$3,500,000,000 Credit Agreement dated as ofOctober 26, 2021 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
© Edgar Online, source