Guam Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9197
• Format: Word; Rich Text

Description

Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages

Guam Credit Agreement is a legally binding contract between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. It serves as a financial arrangement aimed at providing credit facilities and funding options for Unilab Corp, a well-established pharmaceutical company operating in Guam. This agreement allows Unilab Corp to borrow funds from the mentioned lending institutions and banks, allowing them to meet their working capital requirements, invest in research and development, fund expansion projects, or manage other financial needs. The Guam Credit Agreement encompasses several key aspects, such as loan terms, interest rates, repayment schedules, collateral requirements, and other provisions determined by the participating parties. Its primary goal is to provide Unilab Corp with the necessary financial resources while outlining specific obligations and responsibilities for all parties involved. These credit agreements may be classified into different types based on their specific purpose or structure: 1. Revolving Credit Facility: This type of credit agreement provides Unilab Corp with a predetermined credit limit that they can draw upon as needed. The company can borrow funds, repay them, and borrow again within the set limit, making it a flexible financing option to meet short-term funding requirements. 2. Term Loan Agreement: Unlike a revolving credit facility, a term loan agreement provides Unilab Corp with a lump sum loan amount that needs to be repaid within a specified period. This type of credit agreement is typically used for long-term investment projects or major acquisitions, providing a fixed repayment schedule and interest rate. 3. Syndicated Loan Agreement: In some cases, Unilab Corp may require a substantial amount of financing that cannot be provided by a single lender alone. In such scenarios, multiple lending institutions collaborate to form a syndicate and jointly provide the required funds by signing a syndicated loan agreement. This structure allows Unilab Corp to access a larger pool of funds while distributing the risk among the participating lenders. 4. Secured Credit Agreement: In order to secure the borrowed funds, Unilab Corp may be required to offer collateral, such as company assets or guarantees from major shareholders. A secured credit agreement provides protection to the lending institutions by ensuring repayment through the predetermined collateral in the event of default. By entering into this Guam Credit Agreement, Unilab Corp can enhance its financial capabilities, capitalize on growth opportunities, and effectively manage its financial needs, while lending institutions and banks have an opportunity to earn interest income and establish a mutually beneficial partnership.