Revolving Commitments
RevolvingCreditFacility · RIBBON COMMUNICATIONS OPERATING COMPANY, INC.
Reference: Revolving Commitments
- Outstanding
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- Commitment
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- Availability
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- Maturity
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Last reported interest terms: Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Reported 2024-06-24 Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
Documents and filing history
- GoverningAgreement · EX-10.1 · 2024-06-24 — EXHIBIT 10.1
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Issuance
· 2024-06-24
Exact source document
Parent 8-K filing · 2024-06-24
Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “***Revolving Loan***” and, collectively, the “***Revolving Loans***”) in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s L/C Exposure, does not exceed the amount of such Lender’s Revolving Commitment. In addition, the Total Revolving Extensions of Credit shall not at any time exceed an amount equal to (i) the Total Revolving Commitments in effect at such time minus (ii) the General Letter of Credit Basket Utilization at such time. During the Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Issuer evidence: **THIS Credit Agreement** (this “***Agreement***”), dated as of June 21, 2024, is entered into by and among **RIBBON COMMUNICATIONS INC.**, a Delaware corporation (“***Holdings***”), **RIBBON COMMUNICATIONS OPERATING COMPANY, INC.**, a Delaware corporation (the “***Borrower***”), the lenders from time to time party to this Agreement (each a “***Lender***” and, collectively, the “***Lenders***”), **HPS INVESTMENT PARTNERS, LLC** (“***HPS***”), as the Administrative Agent.
Supporting evidence: Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “***Revolving Loan***” and, collectively, the “***Revolving Loans***”) in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s L/C Exposure, does not exceed the amount of such Lender’s Revolving Commitment. In addition, the Total Revolving Extensions of Credit shall not at any time exceed an amount equal to (i) the Total Revolving Commitments in effect at such time minus (ii) the General Letter of Credit Basket Utilization at such time. During the Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.