Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / ofac-covenant-drafting-memo.docx
ofac-covenant-drafting-memo.docx
Parties
Dunmore Energy Holdings Ltd
Finance Corp
Ridgeline Capital Markets LLC
Clarion Securities Inc
Pinnacle Partners LLC
Dunmore Trading Ltd
Sandoval Compliance Solutions LLC
Cohn LLP
Dates
April 23, 2025
May 15, 2025
April 25, 2025
May 12, 2025
May 1, 2032
December 31, 2024
Amounts
$850,000,000 9.375
$850,000,000
$837,250,000
$250,000,000
$114,750,000
$1,190,000,000
$1,050,000,000
$356,579
$1,000,000
$750,000,000
Obligations
Theron Moss & Associates SARL, with Moustapha Sy serving as lead partner, is engaged as Senegalese counsel and will advise on local regulatory requirements, including production sharing contract compliance and any sanctions-related representations that must be adapted for consistency with Senegalese law
must be covered by the sanctions screening process
First, the representations and warranties in the Indenture and Purchase Agreement must be drafted to cover the ownership chain, including the "owned or controlled by" language discussed in Section V
persons, must be blocked
Care must be taken in drafting to ensure that the Side Letter representations are additive to, and consistent with, the Indenture and Purchase Agreement representations
If the bring-down screening reveals a positive hit, the Officers' Certificate could not be delivered, and the parties would need to assess whether the representation can be made as qualified or whether the closing must be delayed or terminated