Assertion: iridium | /r/CapableOf | drop to 3.25%
Facets:
Source sentences:
text: The interest rate margin applicable to the revolving facility (but not the term facility) will drop to 3.50% if Iridium has a consolidated total net leverage ratio (as defined in the Credit Agreement) of less than 3.5 to 1 but greater than or equal to 3.0 to 1 and will drop to 3.25% if Iridium has a consolidated total net leverage ratio of less than 3.0 to 1.