Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / final-offering-memorandum.docx
final-offering-memorandum.docx
Parties
Driftwood Credit Management LLC
Meridian Atlantic Securities LLC
Northbridge Capital Markets Inc
AND RIDGELINE CREDIT RATINGS LLC
Brindoval Analytical Services Inc
Ridgeline Credit Ratings LLC
Employee Retirement Inc
National Registered Agents Inc
Dates
AUGUST 18, 2023
AUGUST 4, 2023
October 15, 2036
December 12, 2023
September 12, 2028
September 12, 2025
August 22, 2023
September 8, 2023
January 15, 2024
Amounts
$400,000,000
$250,000
$1,000
$6.8
$364,000,000
$30,000,000
$20,000,000
$40,000,000
$1,400,000
$15
Obligations
Key Dates The Effective Date shall occur no later than December 12, 2023, which is 90 days after the Pricing Date
The portfolio's diversity score must be at least 60, but even with this requirement, losses may be disproportionately concentrated in certain segments of the portfolio
The Effective Date must occur no later than December 12, 2023 (90 days after the Pricing Date)
On or prior to the Effective Date, the collateral portfolio must be fully ramped to the target par of $400,000,000, and all collateral quality tests must be satisfied
DCM is not required to devote its efforts exclusively to the management of the CLO's collateral portfolio, although DCM is required to perform its duties under the Collateral Management Agreement in good faith and in accordance with reasonable commercial standards