date:Jul 11, 2013
f a $250 million, 7-year term loan and an $80 million, 5-year revolving credit facility. Boulder said it will use the proceeds to refinance its existing $280 million senior secured credit facility, of which $242.2 million was outstanding immediately prior to the refinancing, and for general corporate purposes. The overall effective interest rate on the new facility is 5.25%, 225 basis points below the previous facility. This will result in approximately $5 million in annual cash interest savings