That is the LIBOR rate

Company XYZ establishes a $250 million (revolving) credit line with Bank: term: six months payment frequency: monthly start date: July 1 2018 interest rate: 1-month LIBOR + 1% use the rates in question Il for 1-month LIBOR assume the LIBOR rate on the first day of each month is the rate used for all drawdowns that month unused credit line fee: % amortization schedule: none Here are XYZ's drawdowns (and repayments): July 2 borrow 50,000,000 July 20 borrow 10,000,000 Aug 25 borrow 10,000,000 Sept 1 repay 20,000,000 Sept 30 Oct 25 repay 50,000,000 Nov 11 borrow 100,000,000 borrow 6,000,000 What are the monthly payments XYZ makes to Bank? Separate the interest from the fee payments