Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / pre-closing-letter-ridgeline.docx
pre-closing-letter-ridgeline.docx
Parties
HARKNESS LLP
M. Stroud
Moss LLP
Stonefield Logistics Group Inc
Greystone Commercial Lending Corp
Saylor LLP
Pinnacle Corp
Dates
September 26, 2023
September 14, 2023
September 29, 2023
April 7, 2022
August 15, 2022
February 28, 2023
September 5, 2023
June 30, 2023
September 12, 2023
December 31, 2022
Amounts
$120,000,000
$0.01
$137,500
$275,000,000
$407,000,000
$12,000,000
$50,000,000
$108,600,000
$15,000,000
$38,000,000
Obligations
Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Mezzanine Credit Agreement
Set forth below is a preliminary summary of the financial covenant calculations, subject to final confirmation by the CFO: (a) Maximum Total Leverage Ratio: The Mezzanine Credit Agreement requires that the Total Leverage Ratio (total funded indebtedness to LTM Adjusted EBITDA) shall not exceed 4
(b) Minimum Fixed Charge Coverage Ratio: The Mezzanine Credit Agreement requires that the Fixed Charge Coverage Ratio (as defined therein) shall not be less than 1
(c) Minimum Liquidity: The Mezzanine Credit Agreement requires that Minimum Liquidity (defined as the sum of unrestricted cash and cash equivalents plus availability under the Senior Revolving Credit Facility) shall at all times be not less than $15,000,000
This letter does not constitute, and shall not be construed as, a legal opinion of Calderwood & Harkness LLP on any matter