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6 个月前
BRIEF-TURNING POINT BRANDS ENTERS INTO NEW $250 MLN CREDIT FACILITY
2017年2月17日 / 下午5点50分 / 6 个月前

BRIEF-TURNING POINT BRANDS ENTERS INTO NEW $250 MLN CREDIT FACILITY

Feb 17 (Reuters) - Turning Point Brands Inc

* TURNING POINT BRANDS ENTERS INTO NEW $250 MILLION CREDIT FACILITY

* TURNING POINT BRANDS INC - $250 MILLION CREDIT FACILITY IS COMPRISED OF TWO TRANCHES.

* TURNING POINT BRANDS - FIRST LIEN TRANCHE INCLUDES A $50 MILLION FIVE-YEAR REVOLVING CREDIT FACILITY, A $110 MILLION "FIRST OUT" FIVE-YEAR TERM LOAN FACILITY

* TURNING POINT BRANDS INC- SECOND LIEN TERM LOAN BEARS INTEREST AT A FIXED RATE OF 11.0%

* TURNING POINT BRANDS - FIRST LIEN TRANCHE ALSO INCLUDES A $35 MILLION "SECOND OUT" FIVE AND ONE-QUARTER-YEAR TERM LOAN FACILITY

* TURNING POINT BRANDS - PROCEEDS FROM NEW CREDIT FACILITY WERE USED TO RETIRE TPB'S EXISTING CREDIT FACILITIES

* ENTERED INTO A NEW $250 MILLION CREDIT FACILITY REPLACING ITS EXISTING CREDIT FACILITY

* PROCEEDS FROM NEW CREDIT FACILITY WERE ALSO USED TO PAY TRANSACTION EXPENSES IN CONNECTION WITH REFINANCING Source text for Eikon: Further company coverage:

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