Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / dd-memo-debt-financing.docx
dd-memo-debt-financing.docx
Parties
HARKNESS LLP
Calloway-Briggs Renewables Inc
Veltara Basin Financial LLC
Associates LLP
Calloway-Briggs Operating Company LLC
CBR Holdings LLC
The Corp
Cimarron Solar Development LLC
Dates
April 25, 2022
December 31, 2021
January 15, 2021
January 15, 2027
June 30, 2023
June 30, 2024
May 12, 2022
January 15, 2029
January 15, 2023
January 15, 2024
Amounts
$600,000,000
$1,710,000,000
$1.71
$400,000,000
$650,000,000
$612,500,000
$280,000,000
$165,000,000
$143,000,000
$200,000,000
Obligations
00% of the amount prepaid, resulting in a premium payment of approximately $2,000,000, which must be disclosed in the Use of Proceeds section of the Registration Statement on Form S-1 (the "Registration Statement")
Financial Covenants: The Corporate Credit Agreement contains the following financial maintenance covenants, tested quarterly on a trailing four-quarter basis: (a) Consolidated Total Net Leverage Ratio: CB Operating and its restricted subsidiaries must maintain a Consolidated Total Net Leverage Ratio (defined as Consolidated Total Net Debt to Consolidated Adjusted EBITDA) not to exceed 5
(b) Consolidated Interest Coverage Ratio: CB Operating and its restricted subsidiaries must maintain a Consolidated Interest Coverage Ratio (defined as Consolidated Adjusted EBITDA to Consolidated Cash Interest Expense) of not less than 2
(c) Minimum Liquidity: CB Operating must maintain at all times minimum unrestricted cash and cash equivalents plus availability under the Revolving Credit Facility of not less than $50,000,000
This prepayment premium will reduce the net proceeds available for other corporate purposes and must be disclosed in the Use of Proceeds section of the Registration Statement