Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / revised-term-sheet-second-draft.docx
revised-term-sheet-second-draft.docx
Parties
Verimark Hospitality Group Inc
Harkness LLP
Partridge LLP
Verimark Resort Properties LLC
VHG Management Services Inc
Verimark Convention Holdings LLC
Palmetto Beachfront Hotels LLC
Cascadia Hospitality Corp
Dates
May 6, 2022
April 22, 2022
July 21, 2029
January 21, 2023
January 21, 2024
July 21, 2022
December 31, 2021
April 15, 2022
August 5, 2022
Amounts
$75,000,000
$3.1
$1.42
$318
$341
$700,000,000
$625,000,000
$1,750,000
$7,000,000
$49,000,000
Obligations
The following entities shall guarantee the obligations of the Borrower under the Credit Agreement on a joint and several basis: 1
All material domestic subsidiaries of the Borrower (whether now existing or hereafter acquired or formed) shall be required to guarantee the obligations under the Credit Agreement on a joint and several basis
Materiality thresholds and the definition of "Material Domestic Subsidiary" shall be determined in the definitive documentation
Administrative Agent Crescent Harbor Bank, National Association, 600 Lexington Avenue, 34th Floor, New York, NY 10022, shall serve as Administrative Agent, Collateral Agent, Lead Arranger, and Sole Bookrunner for the proposed facility
The identity and composition of the lending syndicate shall be determined through a syndication process to be conducted following execution of the Commitment Letter
Principal Amount The aggregate principal amount of the Senior Secured Term Loan B facility shall be Seven Hundred Million Dollars ($700,000,000)