FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / senior-secured-credit-agreement.docx
senior-secured-credit-agreement.docx · 1001-00007

Parties

Ardent Healthcare Holdings Inc
Ardent Capital Partners III LP
Growth Equity Fund II LP
Ryland Family Holdings LLC
Consolidated Net Inc
Employee Retirement Inc
Pinnacle Commercial Credit Corp

Dates

April 18, 2025
January 8, 2025
February 10, 2025
June 15, 2021
July 1, 2025
December 31, 2025
April 18, 2030

Amounts

$620,000,000
$340,000,000
$50,000,000
$290,000,000
$10,000,000
$41,300,000
$15,000,000
$500,000,000
$12,000,000
$3,000,000

Obligations

"Adjusted Term SOFR" means, with respect to any Interest Period, an interest rate per annum equal to the sum of (a) Term SOFR for such Interest Period plus (b) the SOFR Adjustment applicable to such Interest Period; provided that in no event shall Adjusted Term SOFR be less than (i) 0
"Affiliate" means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided that (a) no Secured Party shall be an Affiliate of any Loan Party solely by reason of being a Secured Party, and (b) for purposes of the definition of "Affiliate" as it relates to the Sponsor, portfolio companies of the Sponsor and its Affiliates that do not operate in the healthcare sector shall not be deemed to be Affiliates of the Borrower or any of its Subsidiaries
00%; provided that in no event shall the Alternate Base Rate be less than 1
05, substantially in the form of Exhibit A or such other form as shall be approved by the Administrative Agent
The amount of such obligations at any date shall be the capitalized amount thereof at such date, determined in accordance with GAAP; provided that, notwithstanding any change in GAAP after the Closing Date (including under ASC 842), obligations under any operating lease that were not required to be classified as Capital Lease Obligations under GAAP as in effect on the Closing Date shall not be treated as Capital Lease Obligations
5% of Consolidated EBITDA for the applicable four consecutive fiscal quarter period, calculated before giving effect to such add-back), (viii) non-recurring losses or charges approved by the Administrative Agent in writing, (ix) any loss resulting from Hedging Agreements, and (x) other non-cash charges reducing Consolidated Net Income for such period (excluding any such non-cash charge to the extent that it represents an accrual of or reserve for cash expenditures in any future period); minus (a) non-cash gains increasing Consolidated Net Income for such period (excluding any non-cash gain to the extent it represents the reversal of an accrual or cash reserve for a potential cash item that reduced Consolidated EBITDA in any prior period) and (b) extraordinary gains; provided that: (1) Consolidated EBITDA shall be subject to pro forma adjustment to give effect to any Permitted Acquisition or Disposition consummated during the relevant period (or after the relevant period but prior to or simultaneously with the event for which the calculation is being made) as if such Permitted Acquisition or Disposition had occurred on the first day of such period; (2) for purposes of calculating Consolidated EBITDA on a pro forma basis, run-rate cost savings, operating expense reductions, and synergies projected by the Borrower in good faith to be achievable within 18 months of the event giving rise to such savings, reductions, or synergies may be included (without duplication of amounts otherwise added back), in an aggregate amount not to exceed 15% of Consolidated EBITDA for such period (calculated before giving effect to such projected cost savings, operating expense reductions, and synergies); and (3) for the four consecutive fiscal quarters most recently ended prior to the Closing Date, Consolidated EBITDA shall be deemed to be $78,400,000