Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / market-flex-provisions-analysis-memo.docx
market-flex-provisions-analysis-memo.docx
Parties
Nexford Industrial Holdings Inc
Borrower Nexford Industrial Holdings Inc
Gage LLP
Dates
February 13, 2025
February 14, 2025
February 17, 2025
December 31, 2024
June 14, 2019
March 8, 2021
November 15, 2022
April 3, 2023
September 12, 2024
February 24, 2025
Amounts
$1,400,000,000
$10.5
$21
$335
$2.1
$385
$1.65
$725
$1.4
$255
Obligations
This means that $1,225,000,000 must be distributed to syndicate lenders to achieve Crescent Harbor's target hold
The Commitment Letter provides that Crescent Harbor shall "consult with" the Borrower prior to exercising any pricing flex, but the exercise of flex is ultimately at the "sole discretion" of the arranger
As noted above, the Commitment Letter provides that Crescent Harbor shall "consult with" the Borrower prior to exercising any pricing or structural flex
by approximately March 13, 2025), Crescent Harbor shall be required to exercise reverse flex to reduce the spread by at least 25 basis points and tighten the OID toward par