Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / debt-commitment-letter-execution.docx
debt-commitment-letter-execution.docx
Parties
Private Equity Fund IV LP
Harrowgate Velocity Merger Sub Inc
Surviving Corp
Delaware General Corp
Meridian Commercial Credit Corp
VeloPay Processing LLC
PayStream Gateway LLC
VeloPay Canada Inc
Dates
February 14, 2025
December 31, 2026
December 31, 2022
December 31, 2023
December 31, 2024
February 21, 2025
Amounts
$1,900,000,000
$133,000,000
$500,000,000
$260,000,000
$760,000,000
$112,000,000
$254,700,000
$1,250,000
$1,000,000
$25,000,000
Obligations
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Term Sheet attached hereto as Exhibit A or, if not defined therein, in the Merger Agreement, as applicable
In connection therewith, Tralvendo National Bank shall act as sole lead arranger, sole bookrunner, and administrative agent for the Term Loan Facility
shall act as sole lead arranger, sole bookrunner, and administrative agent for the Revolving Credit Facility
3 Purpose The proceeds of the Facilities shall be used as follows: (a) Term Loan Facility
Interest periods of one, three, or six months (or, if agreed to by all relevant Lenders, twelve months) shall be available at the election of the Borrower
Default Rate: Upon the occurrence and during the continuance of an Event of Default, all outstanding obligations under the Term Loan Facility shall bear interest at an additional two hundred (200) basis points per annum above the otherwise applicable rate