Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / description-of-indebtedness.docx
description-of-indebtedness.docx
Parties
Calloway-Briggs Renewables Inc
CBR Holdings LLC
Calloway-Briggs Operating Company LLC
Mesquite Wind Holdings LLC
Cimarron Solar Development LLC
Solaris West Solar LLC
Veltara Basin Financial LLC
Dates
December 31, 2021
January 15, 2021
January 15, 2027
January 15, 2029
January 15, 2023
April 20, 2021
December 15, 2024
December 15, 2023
September 10, 2021
March 15, 2025
Amounts
$1.71
$200,000,000
$100,000,000
$400,000,000
$75,000,000
$90,000,000
$15,000,000
$295,000,000
$50,000,000
$25,000,000
Obligations
CB Operating is required to pay a commitment fee on the average daily unused portion of the revolving commitments at a rate ranging from 0
CB Operating is required to comply with the following financial maintenance covenants, tested as of the last day of each fiscal quarter: (a) Consolidated Total Leverage Ratio
50% per annum, the Adjusted Term SOFR Rate shall be deemed to be 0
Upon satisfaction of specified conversion conditions, the Mesquite Wind Facility is required to convert from a construction loan to a fully-amortizing term loan
Following conversion to a term loan, Mesquite Wind is required to maintain a minimum debt service coverage ratio ("DSCR") of 1
In particular: (a) Following conversion to a term loan, Cimarron Solar is required to maintain a minimum DSCR of 1