Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-chapter-11-viability-venue.docx
memo-chapter-11-viability-venue.docx
Parties
HARKNESS LLP
Thalassa Americas Inc
Capitol Registered Agents LLC
Drakos Maritime Valuations Ltd
Triton Credit Partners LP
Continental Maritime Lending GmbH
Burgess LLP
Dralvecen Mezzanine Capital LLC
Dates
November 2, 2022
October 10, 2022
January 8, 2023
September 15, 2022
September 16, 2022
September 30, 2022
November 1, 2022
June 15, 2019
June 15, 2024
December 15, 2024
Amounts
€1.42
€987
$312
$198
$76.4
$85
$24,800
$11,200
$40.0
$27.3
Obligations
11(a) of the Credit Agreement, TSL is required to maintain unrestricted cash and cash equivalents of not less than $40
11(c) of the Credit Agreement, TSL's Minimum Interest Coverage Ratio (defined as the ratio of LTM EBITDA to LTM Interest Expense) is required to be not less than 2
While substantive consolidation is an extraordinary remedy that courts apply sparingly, the risk must be evaluated