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Applicable Margin Credit Agreement

Applicable Margin Credit Agreement

Pricing Grid – United States In the context of financing, a grid is used to determine the applicable margin based on a performance measure such as the creditworthiness of the borrower (or loans) or the leverage ratio of the borrower at a given time. The effect is. . The end of the credit line for 2017, including the removal of the provision for spring maturities under the agreement, may rise, if AbbVie so chooses, to either interest plus an applicable margin of 0.0% per annum, or to the single currency rate plus a margin of 0.875% per annum. The contract is concluded on June 30 or before June 30, for a period of 364 calendar days. Figure 3.1 Amended and Amended Articles of Abbvie Inc. Some of the most important documents, such as investor filings, material agreements, compensation plans, and contracts, are buried in the SEC`s database. Fintel provides these documents so that they are easy to find and verify. “We welcome the successful implementation of the new credit agreement and, in particular, the removal of market uncertainties related to the preparation of the spring period in our former credit facility,” said Gary Smalley, Executive Vice President and Chief Financial Officer. “We have secured capital in attractive bond markets to further strengthen our balance sheet, extend our maturities and provide additional financial flexibility and liquidity.

We have experienced a very strong interest in the market and a very strong demand for this operation, which proves the confidence of lenders, investors and other financial players in the current and long-term prospects of tutor Perini. The credit line is guaranteed 100% of the company by certain subsidiaries and is insured by the majority of the assets of the company and each guarantor. At the option of the company, the applicable interest rates are based on LIBOR or on a base rate plus an applicable margin, depending on the leverage effect. The margin for term lending is 4.50% – 4.75% for libor and 3.50% – 3.75% for the base rate. The applicable margin for the revolving credit facility is 4.25% – 4.75% for LIBOR and 3.25% – 3.75% for the base rate. Tutor Perini Corporation (NYSE: TPC), the company`s leading construction and construction specialist, today announced a refinancing and credit agreement. The agreement includes a $425 million loan for 7 years B and a revolving credit facility of $US 175 million for five years. Law Dictionary Federal Funds Effective Rate – United States Federal Funds Effective Rate, Also known as Federal Funds Rate….