Interest payments on the borrowing are settled on thebasis of the LIBOR tenor selected (e.g., if Spartan selects three-month USD LIBOR asthe referenced rate, interest is due every three months on that borrowing). Spartan has a choice of 1M-, 3M-, and 6M-USD LIBOR each timeit draws down on the credit facility. ![]() ![]() The rate of interest on the credit facility is USD LIBOR + 650 basis points (bps)for the first two years. Case 14-04Spartan CasinoOn January 1, 2015, Spartan Casino, a public business entity (Spartan or theâCompanyâ), executed a $250 million revolving credit facility with Uber Bank AG(Uber).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |