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SEC Filings

424B2
 filed this Form 424B2 on 12/06/2017
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USE OF PROCEEDS

 

We expect that the net proceeds of this offering will be approximately $1,382.9 million, after deducting discounts and commissions payable to the underwriters and estimated expenses of this offering payable by us. We intend to use the net proceeds to repay existing indebtedness, including under the 2013 Credit Facility and the 2014 Credit Facility. Pending use, the net proceeds may be invested temporarily in short-term marketable securities. Our management will have broad discretion in the application of the net proceeds, and the purposes for which the net proceeds are used may change from those described above.

 

The 2013 Credit Facility matures on June 28, 2020, includes two optional renewal periods and currently bears interest at a rate equal to 1.250% above the London Interbank Offered Rate (“LIBOR”). The 2014 Credit Facility matures on January 31, 2022, includes two optional renewal periods and currently bears interest at a rate equal to 1.250% above LIBOR. Borrowings under the 2013 Credit Facility and the 2014 Credit Facility were primarily used to fund recent acquisitions, to repay existing indebtedness and for general corporate purposes. Amounts outstanding under the 2013 Credit Facility and the 2014 Credit Facility that are repaid may be reborrowed at a later date. See “Capitalization.”

 

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