The BBC1 is responsible for collecting television licence fees which are due to be paid to it under Part 4 of the Communications Act 20032. In such cases as the BBC may determine, it may make refunds of sums received3 in respect of licence fees, and the BBC may retain, out of the sums so received, any sums it requires for making such refunds
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
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