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Our as-adjusted tax rate for the first quarter was approximately 23% and included discrete tax benefits related to stock-based compensation awards that vest in the first quarter of each year. These inflows were partially offset by seasonal tax trading-related outflows from our U.S. style box exposure in Precision ETFs.
The transactionexecution was excellent and demand for the loan was significantly oversubscribed, underscoring the market's confidence in Cedar Fair and our management team. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
billion total proceeds associated with the transaction, including the repatriation of approximately $100 million, net of withholdings tax, back to the U.S. Additionally, we are making progress toward monetizing our optionally convertible debentures issued by VIL ahead of the anticipated closing of our India transaction.
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