Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / preliminary-offering-memorandum.docx
preliminary-offering-memorandum.docx
Parties
Driftwood Absolute Return Fund Ltd
Driftwood Credit Management LLC
Federal Deposit Insurance Corp
Brindoval Analytical Services Inc
Ridgeline Credit Ratings LLC
Agent Meridian Atlantic Securities LLC
Agent Northbridge Capital Markets Inc
Meridian Atlantic Securities LLC
Dates
August 4, 2023
October 15, 2036
January 15, 2024
August 22, 2023
January 14, 2024
September 12, 2028
September 12, 2025
May 22, 2023
May 25, 2023
December 12, 2023
Amounts
$400,000,000
$364,000,000
$36,000,000
$6.8
$250,000
$1,000
$250,000,000
$3.0
$15
$4.5
Obligations
Each prospective investor must make, and shall be deemed to have made, its own independent investigation and appraisal of the risks, merits, and suitability of an investment in the Notes
No person has been authorized to give any information or to make any representation in connection with the offering or sale of the Notes other than as contained herein, and, if given or made, such information or representation must not be relied upon as having been authorized by the Co-Issuers, the Collateral Manager, the Placement Agents, the Trustee, or any other party
In the event of any conflict between this summary and the provisions of the Indenture, the provisions of the Indenture shall control
The Collateral Manager must cause the portfolio to satisfy the Effective Date conditions no later than December 12, 2023 (90 days after the pricing date)
The weighted average spread of the portfolio must be at least 350 basis points