Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / internal-deal-briefing-memo.docx
internal-deal-briefing-memo.docx
Parties
Harkness LLP
Quorum Insurance Holdings Corp
Quorum Premium Finance LLC
Ridgeline Capital Markets LLC
Brindoval Ratings Inc
Pinnacle Rating Services LLC
Quorum Receivables Holding LLC
Fortbridge Corporate Services LLC
Dates
July 8, 2022
June 28, 2022
December 31, 2021
June 30, 2022
August 3, 2022
August 8, 2022
July 18, 2022
July 14, 2022
July 27, 2022
August 22, 2022
Amounts
$500,000,000
$3.8
$2.1
$450,000,000
$125,000,000
$50,000,000
$15,000,000
$612,000,000
$112,000,000
$7,427
Obligations
• Minimum Pool Balance: During the revolving period, the aggregate outstanding balance of eligible receivables in the pool must be maintained at a minimum of $450,000,000
Eligible Receivables Criteria The eligible receivables criteria define the characteristics that a receivable must satisfy in order to be included in the initial pool or to be purchased during the revolving period as a replacement receivable
Rating Agency Engagement (August) The rating agency workstream is one of the most critical elements of the transaction timeline, as the preliminary ratings must be obtained before the offering memorandum can be finalized and investor marketing can commence
This agreement must be carefully structured to support true sale characterization
Like the Receivables Sale Agreement, this document must support true sale analysis at the second level of the structure