Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / rsa-term-sheet-revised-draft.docx
rsa-term-sheet-revised-draft.docx
Parties
Thalassa Americas Inc
Burgess LLP
Harkness LLP
Foss LLP
Dralvecen Mezzanine Capital LLC
Draycott Advisory Group LLC
Kensington Veltrian Partners LLC
Drakos Maritime Valuations Ltd
Dates
February 10, 2023
February 3, 2023
December 31, 2021
December 31, 2022
September 15, 2022
September 30, 2022
November 1, 2022
October 10, 2022
January 8, 2023
March 8, 2023
Amounts
€1.42
€987
$312
$198
$24,800
$11,200
$27.3
$12.7
$40
$770.9
Obligations
This Revised Term Sheet is non-binding, except that the provisions of Section 18 (Exclusivity and Confidentiality) shall be binding upon the parties upon signature of the acknowledgment pages attached hereto
1 Amendment Overview TSL, TAI, Nordbank International AG (as Administrative Agent and Collateral Agent), and the requisite lenders under the Senior Secured Credit Agreement shall enter into Amendment No
The Credit Agreement Amendment shall require the consent of lenders holding at least 66⅔% of the outstanding loans and commitments under the Senior Secured Credit Agreement, and shall be conditioned upon the simultaneous consummation of all other restructuring transactions described in this Revised Term Sheet
Tranche Term Loan B shall be extended from June 15, 2024 to June 15, 2027, representing a three-year extension
This extension shall apply uniformly to all tranches under the Senior Secured Credit Facility
3 TLA PIK Conversion $75,000,000 of outstanding Term Loan A principal shall be converted from a cash-pay obligation to a payment-in-kind ("PIK") obligation (the "PIK TLA Tranche")