Million Term Loan

 
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(NYSE:KED) Kayne Anderson Energy Development Company (the “Company” or “KED”) announced today that it has entered into a $70 million secured term loan (the “Term Loan”) as part of an amendment to its existing secured credit facility (the “Credit Facility”). All of the proceeds from the Term Loan were used to partially repay amounts borrowed on the Company’s existing $120 million secured revolving credit facility (the “Revolving Facility”). Outstanding loan balances on the Term Loan accrue interest daily at a rate equal to one-month LIBOR plus 1.35%. The interest rate of the Revolving Facility was unchanged at one-month LIBOR plus 1.60%. The Term Loan matures on August 28, 2018, and as part of the amendment to the Credit Facility, the maturity date of the Revolving Facility was extended to August 28, 2017.
Sign-up for Kayne Anderson Energy Development Company Enters into $70 Million Term Loan and Extends Maturity of Revolving Credit Facility investment picks
Ryman Hospitality Properties, Inc. (NYSE:RHP) (the “Company”) announced today it has added an additional senior secured $400 million term loan (the “Term Loan B”) to its existing credit agreement.
Sign-up for Ryman Hospitality Properties, Inc. Announces $400 Million Term Loan B investment picks
Anixter International Inc. (NYSE: AXE) today announced that its wholly-owned operating subsidiary, Anixter Inc., closed on a $200 million term loan utilizing the incremental facility available under its senior unsecured revolving credit agreement, dated as of April 8, 2011.
Sign-up for Anixter International Inc. Announces Closing of $200 Million Term Loan investment picks
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it closed a $140 million term loan.
Sign-up for FelCor Closes $140 Million Term Loan investment picks

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Million Term Loan
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