Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / comparative-term-analysis-memo.docx
comparative-term-analysis-memo.docx
Parties
HARKNESS LLP
Greenfield Agricultural Partners LLC
Associates LLC
Meridian Agricultural Credit Corp
Greenfield Holdings Corp
Greenfield Grain Storage LLC
Greenfield Crop Inputs Inc
Calloway-Foss Investments LP
Dates
September 12, 2022
September 9, 2022
April 1, 2018
March 28, 2020
March 30, 2021
March 31, 2023
September 30, 2022
June 30, 2022
August 22, 2022
September 19, 2022
Amounts
$80,000,000
$55,000,000
$25,000,000
$125,000,000
$145,000,000
$347.2
$391.5
$45,000,000
$162,500
$650,000
Obligations
The upfront fee of $400,000 is a one-time cost that must be amortized over the facility term when evaluating the all-in economics
Together, these fees must be weighed against the interest rate savings that the Proposed Facility offers relative to the Existing Facility to determine the net economic benefit
The Borrower is required to maintain a minimum FCCR of 1
The Borrower is required to maintain Excess Availability of at least $5,000,000 at all times
This is a "hard" minimum — not springing — meaning that it must be satisfied continuously, regardless of whether a Trigger Period is in effect
These conditions are cumulative — all three must be satisfied before any distribution may be made