- Funding amounts range from $10 million to $200 million
- Potential for repeat issuances allows for efficient deployment of capital
Long Term Capital with Flexible Prepayment Options
- 30-year maturity
- Callable by the issuer at par anytime after 5 years
Flexible Pricing Taberna offers multiple pricing options:
- Variable rate option is indexed to the 3-month LIBOR rate
- 5-year fixed rate option is priced off the 5-year swap rate
(instrument is fixed for the first 5 years and floats thereafter) - 10-year fixed rate option is priced off the 10-year swap rate
(instrument is fixed for the first 10 years and floats thereafter)
Many Possible Uses
Taberna’s documentation does not restrict the use of funds. Possible uses include:
- Refinancing of existing debt, including amounts under bank credit facilities
- Acquisition or development financing
- Lengthening of debt maturity schedules
- Enhancement of asset/liability matching