FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / tidewater-commitment-letter-review-memo.docx
tidewater-commitment-letter-review-memo.docx · 1037-00006

Parties

Harkness LLP
Solstice Biomedical Devices Ltd
Debt Inc
Albright LLP
Locke LLP

Dates

July 22, 2024
July 15, 2024
April 22, 2024
October 31, 2024
October 31, 2029
June 30, 2024
August 14, 2024
June 30, 2027

Amounts

$220,000,000
$130,000,000
$50,000,000
$180,000,000
$14.2
$1,625,000
$6,500,000
$10,000,000
$5,000,000
$182,108,177.84

Obligations

This provision must be carefully tailored to avoid creating default risk in connection with the ArthroNav platform, which has not yet received FDA clearance
Conditions Precedent to Funding The Commitment Letter sets forth a number of conditions that must be satisfied (or waived by Tidewater) prior to the initial funding of Term Loan A and the availability of the Revolver
Documentation Conditions The following documentation must be delivered to Tidewater as conditions precedent to funding: 1
The SPA must not have been amended, waived, or modified in any manner that is material and adverse to the interests of Tidewater, without Tidewater's prior consent
The representations and warranties contained in the definitive credit agreement must be substantially consistent with (and "no worse than") the representations and warranties in the SPA
At closing, only the "Specified Representations" (as defined in the Commitment Letter and discussed in detail in Section VI below) must be accurate — this is the "SunGard" or "certain funds" construct