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#1
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| I am struggle with a sentence in a company's press release. The article tells that they amend credit facility and term loan agreement. The amendment changes the application of any term loan pre-payments from pro-rata maturities to the chronological order of maturities. I checked every words with my dictionary but it didn't help me to understand what the whole sentence imply. First, what does "application of any term loan pre-payments" mean? I would understand it if its an application of loan. Do "pre-payments" require any application or the word "application" here mean something special? Second, about "maturities". My dictionary says it means "deadline" but does not make sense to me. I don't understand the relation between "application" and "maturities". Thank you, Higurashi |
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#2
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| Would pre-payment be paying back the loan early? |
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#3
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| Tdol-san, I don't know this pre-payment would pay back the loan early but I think it would reduce their debt amount. Thank you, Higurashi |
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