70% opening LTC

Spanish translation: 70% sobre el costo total inicial

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:70% opening LTC
Spanish translation:70% sobre el costo total inicial
Entered by: patinba

08:09 Oct 1, 2018
English to Spanish translations [PRO]
Bus/Financial - Finance (general) / Investment Agreement
English term or phrase: 70% opening LTC
Se trata de un contrato de compraventa de una cartera de inmuebles de un banco.

Mi duda es cuál sería la traducción más habitual de "opening" en este contexto (¿inicial, de apertura...?)

La traducción es para España.

"(A) Following the execution of this Agreement, Investor will use best efforts, acting on behalf of the Company, to arrange the provision of a credit facility to the Company by third party lenders or investors for funding the indirect acquisition of the Portfolio by the Company in an amount of at least 70% of the “all-in-cost”, estimated at the time of obtaining the fund commitment by the prospective lender(s) or investor(s), to be incurred by the Company for the acquisition of 100% of XXX (...) (...) (“Third Party Facility”):
• Term: 5-year term facility
• Advance rate: ***70% opening LTC*** (loan to all-in-cost, including purchase price and transaction costs)
• Margin: 3.25% p.a; (no flex); step-up to 3.5% p.a. on second anniversary of Closing
• Arrangement fee (upfront): 1% of utilisation amount
• Commitment fee: 0.8% on undrawn facility
• Amortization profile / split of available cash-flow as follows:
o 75% amortisation to the bank / 25 % permitted distributions
o (subject to BP hurdles)
• 1-year prepayment protection (2% fee)
• English law
• Other market standard terms for recent analogous transactions and for the type of assets in, and the size of, the Portfolio."
César Cornejo Fuster
Local time: 09:11
70% sobre el costo total inicial
Explanation:
lehman brothers - Stanford University
https://web.stanford.edu/~jbulow/Lehmandocs/.../LBEX-AM 1933...
initial loan-to-cost debt exposure and extremely strong equity sponsorship, LBREM .... during this phase using non-recourse financing at an advance rate of 70% ...
Selected response from:

patinba
Argentina
Local time: 04:11
Grading comment
Gracias
3 KudoZ points were awarded for this answer



Summary of answers provided
370% sobre el costo total inicial
patinba


  

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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
70% opening ltc
70% sobre el costo total inicial


Explanation:
lehman brothers - Stanford University
https://web.stanford.edu/~jbulow/Lehmandocs/.../LBEX-AM 1933...
initial loan-to-cost debt exposure and extremely strong equity sponsorship, LBREM .... during this phase using non-recourse financing at an advance rate of 70% ...

patinba
Argentina
Local time: 04:11
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1338
Grading comment
Gracias
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