Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / internal-memo-ecf-sweep-mechanics.docx
internal-memo-ecf-sweep-mechanics.docx
Parties
HARKNESS LLP
Nexford Industrial Holdings Inc
Gage LLP
Consolidated Net Inc
Non-Cash Inc
Estimated Consolidated Net Inc
Dates
March 12, 2025
March 28, 2025
December 31, 2025
March 5, 2025
March 7, 2025
March 10, 2025
March 18, 2025
March 28, 2032
June 30, 2025
November 15, 2021
Amounts
$1,400,000,000
$1,300,000,000
$100,000,000
$385,000,000
$2.1
$3,500,000
$879,375,000
$335,000,000
$38,625,000
$147,000,000
Obligations
Under the current draft of the Credit Agreement, the Borrower is required to prepay 50% of Excess Cash Flow if the first lien net leverage ratio exceeds 4
The 95-day period corresponds approximately to the period within which the Borrower is required to deliver its annual audited financial statements under the reporting covenant (currently set at 90 days after fiscal year-end in the draft)
00, the Borrower is required to prepay 50% of Excess Cash Flow for such fiscal year
25x), the Borrower is required to prepay 25% of Excess Cash Flow for such fiscal year
This deduction recognizes that the Borrower must reinvest in its asset base to maintain and grow the business, and that cash spent on capital expenditures is not available for debt prepayment