Health Insurance Rate Filing Oxford Health Plans
In order to make restricted payments, as outlined, together with share repurchases and dividends, the Company is required to keep up mother or father company money and funding balances at a minimal of $seventy five million plus the subsequent four quarters scheduled principal payments beneath the loan. Parent company cash and investments above these minimal requirements are available for restricted funds, as outlined, together with share repurchases and shareholder dividends. A portion of the proceeds of the New Term Loan have been used to retire the senior secured term loan outstanding (the “Term Loan”). The costs associated to the New Credit Facilities are being written off ratably to earnings over periods of 5 to six years. Effective December 2, 2003, the Company re-priced its New Term Loan, decreasing the relevant margins for each LIBOR and New Base Rate Borrowings.
The Savings Plan additionally offers that the Company make matching contributions, presently four% as much as su...
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