Contract analysis
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Contract analysis / funds-flow-memorandum-execution.xlsx
funds-flow-memorandum-execution.xlsx
High · 0
Medium · 0
Standard · 3
1. Payoff — Existing First Lien Term Loan (Atlas Meridian Bank, N.A.) | 879,375,000 | $875
1. Payoff — Existing First Lien Term Loan (Atlas Meridian Bank, N.A.) | 879,375,000 | $875,000,000 principal + ~$4,375,000 accrued and unpaid interest as of 3/28/2025
2. Termination — Existing Revolving Credit Facility (Atlas Meridian Bank, N.A.) | 0 | $0 o
Standard
⚑ Commercial term
2. Termination — Existing Revolving Credit Facility (Atlas Meridian Bank, N.A.) | 0 | $0 outstanding; $190,000,000 commitment terminated; no payoff amount
3. Dividend Distribution to Granite Peak NIH Holdings, LLC | 335,000,000 | Dividend recapi
3. Dividend Distribution to Granite Peak NIH Holdings, LLC | 335,000,000 | Dividend recapitalization to Holdings (and thence to Granite Peak Capital Fund IV, LP (92%) and GP Fund IV Co-Invest, LP (8%))
4. Transaction Fees and Expenses | 38,625,000 | See Fee Detail tab for breakdown
Standard
⚑ Commercial term
4. Transaction Fees and Expenses | 38,625,000 | See Fee Detail tab for breakdown
5. Cash to Borrower's Balance Sheet | 147,000,000 | Retained for general corporate purpose
Standard
⚑ Commercial term
5. Cash to Borrower's Balance Sheet | 147,000,000 | Retained for general corporate purposes; pro forma cash approximately $100,000,000 after adjustments TOTAL USES | 1,400,000,000 | Must equal Total Sources RECONCILIATION CHECK | 0 | Total Sources minus Total Uses = $0 (balanced) [sheet: Fee Detail] Fee / Expense Item | Payee | Amount ($) | Basis / Calculation Arrangement Fee | Crescent Harbor Bank, N.A. | 7,000,000