Required: 1. Express does not report paying any cash for interest during the most recent fiscal year. If it had, where would you find the amount listed? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Batance Sheet Income Statement Statement of Cash Flows Footnotes 2. Express has not issued bonds, but it has agreements to borrow money if needed. What is the total amount the company can borrow under what it calls its "Revolving Credit Facility"? (Enter your answer in dollars, not in millions.) A summary of the Company's financing activities are as follows: Revolving Credit Facility On May 20, 2015, Express Holding, a wholly-owned subsidiary, and its subsidiaries entered into an Amended and Restated 5250 million secured Asset-Based Credit Facility ("Revolving Credit Facility"). The expiration date of the facility is May 20, 2020. As of February 3, 2018, there were no borrowings outstanding and approximately $245.4 million available under the Revolving Credit. Facility. Under the Revolving Credit Facility, revolving loans may be borrowed, repaid, and reborrowed until May 20, 2020, at which time all amounts borrowed must be repaid. The Revolving Credit Facility allows for a swingline sublimit of up to $30.0 million and for the issuance of letters of credit in the face amount of up to $45.0 million. Borrowings under the Revolving Credit Facility bear interest at a rate equal to either the rate appearing on Reuters Screen L.BOR0I page (the "Eurodollar Rate') plus an applicable margin rate or the highest of (1) the prime lending rate, (2) 0.50% per annum above the federal funds rate, and (3) 1\% above the Eurodollar Rate, in cach case plas an applicable margin rate. The applicable margin rate is determined based on excess availability as determined by reference to the borrowing base. The applicable margin for Eurodollar Rate-based advances is between 1.50% and 2.00% based on the borrowing base. The unused line fee payable under the Revolving Credit Facility is incurred at 0.250% per annum of the average daily. unused revolving commitment during each quarter, payable quarterly in arrears on the first day of each May, Augus, November, and February. In the event that (1) an event of default has oceurred and is continuing or (2) exeess availability plus eligible cash collateral is less than 12.5% of the borrowing base for 5 consecutive days, such unused line fees are payable on the first day of each month. Interest payments under the Revolving Credit Facility are due quarterly on the first day of each May, Auzust, November, and February for base rate-based advances, provided, however, in the event that (1) an event of default has occurred and is continuing or (2) excess availability plus eligible cash collateral is less than 12.5\% of the borrowing base for 5 consecutive days, interest payments are due on the first day of each month. Interest payments under the Revolving Credif Facility are due on the last day of the interest penod for Eurodollar Rate-based advances for interest periods of 1,2, and 3 months, and additionally every 3 months after the first day of the intered period for Eurodoliar Rate-based advances for interes periods of greater than 3 months. The Revolving Credit Facility requires Express Holding and its subsidiaries to maintain a fixed charge coverage ratio of at least 1.0:1.0 if excess availability plus eligible cash collateral is less than 10% of the borrowing base for is consecutive days. In addition, the Revolving Credit Facility contains custonary covenants and restrictions on Express Holding's and its subsidiaries' activities. including, but not limited to, limitations on the incurrence of additional indebiedness, liens, negative pledges, gaarantees, investruents. loans, asset sales, mergens, acquisitions, prepayment of other debt, distributions, dividends, the repurchase of eapital stock, transactions with affiliates, the ability to change the nature of its business or fiscal year, and permitted business activities. All obligations under the Revolving Credit Facility are guaranteed by Express Holding and its domentic subsidiaries (that are not borrowers) and secured by a lien on, amoog other assets, substantially all working capital asaets, including cash, accounts receivable. and inventory, of Express Holding and its domentic subsidiaries Seniar Notes On March 5, 2010, Express, LLC and Express Finance, wholly-owned subsidiaries of the Company, co-isucd, in a private placensent, \$250. 0 million of 874% Senior Notes due in 2018 at an offering price of 98.6% of the face value. On March 1,2015, the outstanding notes in the amount of 5200.9 million were redeened in full at 102.1956 of the principal amount