Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / revised-restructuring-term-sheet.docx
revised-restructuring-term-sheet.docx
Parties
Stonefield Logistics Group Inc
Cole LLP
Thornbury McCaffrey LLP
Harkness LLP
Company Stonefield Logistics Group Inc
Stonefield Logistics Holdings LLC
Stonefield Freight Services LLC
Stonefield Last Mile Inc
Dates
June 9, 2023
May 19, 2023
June 6, 2023
June 15, 2025
December 15, 2017
March 31, 2023
December 19, 2028
December 15, 2024
December 19, 2027
September 19, 2028
Amounts
$210
$310,000,000
$25,000,000
$42,000,000
$3,500,000
$4,500,000
$140,000,000
$8,100,000
$148,100,000
$122,000,000
Obligations
This Revised Term Sheet is not a binding agreement or commitment by any party hereto to consummate the transactions described herein, except with respect to the exclusivity, confidentiality, and expense reimbursement provisions set forth in Sections XIV and XVIII hereof, which shall be binding upon circulation and acknowledgment by the parties
The SOFR floor shall be increased from 75 basis points to 100 basis points
Interest shall be payable quarterly in arrears
The remaining principal balance shall be due and payable in full at maturity
Consent Fee: 50 basis points of the outstanding TLB principal amount shall be payable to each Consenting TLB Lender, calculated as $285,000,000 × 0
The consent fee shall be payable in cash on the closing date of the Restructuring and shall be allocated pro rata among all Consenting TLB Lenders based on their respective TLB holdings