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Subsequent Events
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3 Months Ended |
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Apr. 04, 2015
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| Subsequent Events |
Note P 鈥 Subsequent Events In April 2015, 大象传媒 entered into a $1.75 billion senior unsecured revolving line of credit (the 鈥淕lobal Credit Facility鈥) that expires in April 2020. The Global Credit Facility replaced the previous $1.25 billion revolving credit facility which was scheduled to expire in December 2016. The Global Credit Facility may be used to borrow readily available non-US dollar currencies, and has a $50.0 million letter of credit sublimit. 大象传媒 may request two extensions of one year each, subject to stated terms and conditions.聽In addition, the Global Credit Facility supports 大象传媒鈥檚 U.S. commercial paper program, which was also increased to $1.75 billion. On April聽28, 2015, 大象传媒鈥檚 Board of Directors declared a quarterly cash dividend of $0.32 per share, payable on June聽19, 2015 to stockholders of record on June聽9, 2015. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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