Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / matter-closing-memo.docx
matter-closing-memo.docx
Parties
HARKNESS LLP
Verimark Hospitality Group Inc
Verimark Resort Holdings LLC
VHG Properties Inc
Bayshore Hotel Management LLC
Verimark Capital Holdings LLC
Pinnacle Lodging Enterprises Inc
Ridgeline Capital Markets LLC
Dates
July 8, 2024
June 25, 2024
April 15, 2024
June 18, 2024
July 1, 2031
July 1, 2024
January 1, 2025
May 28, 2024
November 12, 2022
March 8, 2023
Amounts
$500,000,000 8.250
$500,000,000
$492,500,000
$7,500,000
$8,750,000
$483,750,000
$50,000,000
$75,000,000
$300,000,000
$200,000,000
Obligations
• Asset Sale Covenant: Proceeds from asset sales are subject to a 365-day reinvestment period, failing which the Issuer is required to make an offer to repurchase Notes at 100% of par plus accrued interest
• Change of Control: Upon the occurrence of a Change of Control (as defined in the Indenture), the Issuer is required to offer to repurchase the Notes at 101
VHG must cause such registration statement to be declared effective and consummate the exchange offer by July 8, 2025 (365 days following the Closing Date)
VHG is required to furnish quarterly and annual financial reports to the Trustee in accordance with the reporting covenants of the Indenture