Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / internal-deal-summary-memo.docx
internal-deal-summary-memo.docx
Parties
HARKNESS LLP
Brightfield Cloud Services Inc
Solara Holdings Group LLC
Pryor LLP
Capitol Registered Agents LLC
Meridian Whitcomb LLC
Solara Capital GP III LLC
Crane Insurance Brokerage LLC
Dates
July 29, 2022
July 28, 2022
August 12, 2022
October 15, 2020
August 12, 2027
November 12, 2022
December 31, 2021
July 18, 2022
June 14, 2022
Amounts
$35,000,000
$1.2
$95,000,000
$48.3
$31.4
$16.9
$12.8
$15,000,000
$8,200,000
$37,422
Obligations
Between signing and the anticipated closing date, BCS must maintain compliance with all representations and warranties contained in the Agreement
50%, which provides that in no event shall the reference rate used to calculate interest be less than 0
Maximum Total Leverage Ratio BCS is required to maintain a Maximum Total Leverage Ratio (defined as Total Funded Debt divided by Trailing Twelve-Month EBITDA) of not more than 3
Minimum Interest Coverage Ratio BCS is required to maintain a Minimum Interest Coverage Ratio (defined as Trailing Twelve-Month EBITDA divided by Trailing Twelve-Month Interest Expense) of not less than 3
Minimum Liquidity BCS is required to maintain minimum unrestricted cash and cash equivalents of $5,000,000 at all times
Accordingly, BCS will need to carefully manage the phasing of capital expenditures across fiscal years 2022 and 2023, and must also account for maintenance capital expenditures and other corporate capital expenditures that must fit within the same annual basket