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Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / internal-memo-mfn-provision-analysis.docx
internal-memo-mfn-provision-analysis.docx
Parties
HARKNESS LLP
Nexford Industrial Holdings Inc
Gage LLP
Ratio-Based Inc
Post-Sunset Inc
Dates
March 28, 2025
March 28, 2026
March 17, 2025
February 14, 2025
December 31, 2024
March 28, 2032
September 15, 2025
July 1, 2025
June 15, 2026
February 5, 2025
Amounts
$1,400,000,000
$2.1
$385,000,000
$1,393,000,000
$879,375,000
$190,000,000
$335,000,000
$38,625,000
$147,000,000
$1,300,400,000
Obligations
00%), the floor differential must be taken into account in the Effective Yield comparison
The Credit Agreement specifies that if the SOFR floor on the incremental term loan exceeds the SOFR floor on the Initial Term Loan B, the SOFR floor on the Initial Term Loan B shall be increased to match the incremental term loan SOFR floor, which is then reflected in the Effective Yield calculation
This provides the Borrower with an important degree of strategic flexibility, particularly in scenarios where market conditions have deteriorated and incremental debt must be priced at a significant premium to the Initial Term Loan B
Upon making such determination, the Administrative Agent is required to provide written notice to the Borrower and the Lenders specifying the amount of the margin increase and the effective date thereof
No consent, approval, or vote of the initial Term Loan B lenders is required to implement the margin increase