Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / board-resolutions-clo-issuer.docx
board-resolutions-clo-issuer.docx
Parties
National Registered Agents Inc
Driftwood Credit Management LLC
Driftwood Absolute Return Fund Ltd
Meridian Atlantic Securities LLC
Northbridge Capital Markets Inc
Harkness LLP
Applegategate Offshore Services Ltd
Hayes LLP
Dates
August 20, 2023
June 12, 2023
January 15, 2024
August 22, 2023
August 18, 2023
August 4, 2023
October 15, 2036
September 12, 2025
September 12, 2028
May 22, 2023
Amounts
$400,000,000
$364,000,000
$250,000
$1,000
$256,000,000
$40,000,000
$28,000,000
$24,000,000
$16,000,000
$36,000,000
Obligations
The Notes to be issued in connection with the Transaction will consist of the following tranches, with the indicated aggregate principal amounts, percentages of the total capital structure, credit ratings, and interest rates: The total aggregate principal amount of rated Notes shall be $364,000,000
The reference rate for the floating rate Notes shall be Compounded SOFR (with 26253 fallback convention)
The day count convention for interest calculations shall be Actual/360
The minimum denomination for the rated Notes shall be $250,000, with integral multiples of $1,000 in excess thereof; the minimum denomination for the Subordinated Notes shall be $250,000, with integral multiples of $1 in excess thereof
Interest on the Notes shall be payable quarterly on each Payment Date, which shall be the 15th day of January, April, July, and October of each year, commencing on January 15, 2024 (the "First Payment Date")
Resolution 3 — Authorization of the Issuance of Notes RESOLVED, that the Company is hereby authorized to issue the following Notes pursuant to and in accordance with the terms and conditions of the Indenture: (a) Class A-1 Notes in the aggregate principal amount of $256,000,000 (CUSIP 144A: 26738TAA5; Regulation S CUSIP: G2694LAA7; ISIN 144A: US26738TAA51); (b) Class A-2 Notes in the aggregate principal amount of $40,000,000 (CUSIP 144A: 26738TAB3); (c) Class B Notes in the aggregate principal amount of $28,000,000 (CUSIP 144A: 26738TAC1); (d) Class C Notes in the aggregate principal amount of $24,000,000 (CUSIP 144A: 26738TAD9); (e) Class D Notes in the aggregate principal amount of $16,000,000 (CUSIP 144A: 26738TAE7); and (f) Subordinated Notes in the aggregate principal amount of $36,000,000 (CUSIP 144A: 26738TAF4); and be it further RESOLVED, that the Notes shall be offered and sold in reliance on the exemptions from registration provided by Rule 144A and Regulation S under the Securities Act, and the Notes shall not be registered under the Securities Act or the securities laws of any state of the United States or any other jurisdiction, and no public offering of the Notes shall be made; and be it further RESOLVED, that the Notes shall be issued in book-entry form through the facilities of The Depository Trust Company ("DTC"), with Ironclad Trust Company, N