Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / loan-review-memorandum-ridgemont.docx
loan-review-memorandum-ridgemont.docx
Parties
Harkness LLP
Veltrano Capital Lending Corp
Cranford McCabe LLP
GMP Buckhead LLC
GMP SouthPark LLC
GMP Cool Springs LLC
GMP Brickell LLC
SouthPark Corp
Dates
March 18, 2024
February 28, 2024
March 1, 2029
February 15, 2024
December 31, 2023
March 8, 2024
May 24, 2024
May 31, 2024
March 5, 2024
February 1, 2021
Amounts
$1,100,000,000
$142,300,000
$711,500
$355,750
$155,000,000
$800,000
$0.25
$212,750
$17,729
$100,000
Obligations
The existing carve-out guaranty, currently executed by GMP Fund III, must be replaced at closing with a substitute guaranty executed by Fairwater (or another guarantor acceptable to Veltrano)
The replacement guarantor must satisfy minimum tangible net worth and liquid asset thresholds as set forth in the Loan Agreement
Fairwater must be prepared to assume and comply with all such covenants immediately upon closing
Accordingly, the full outstanding principal balance must be repaid or refinanced by the maturity date
Each Borrower is required to make monthly deposits into a replacement reserve account for future capital expenditures
The PSA establishes May 24, 2024 as the deadline by which all lender consents must be obtained (the "Lender Consent Deadline")