Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / solvency-certificate-restrepo.docx
solvency-certificate-restrepo.docx
Parties
Thalassa Americas Inc
Dralvecen Mezzanine Capital LLC
KFO Holdings SA
Kensington Veltrian Partners LLC
Harkness LLP
Associates LLP
Drakos Maritime Valuations Ltd
Dates
May 15, 2023
March 14, 2023
June 30, 2023
May 18, 2023
May 22, 2023
May 25, 2023
June 15, 2024
December 31, 2028
June 15, 2027
June 30, 2024
Amounts
€35
$38.2
$1.0914
$76.4
$75
$200
$150
$50
$30
$5.4
Obligations
The PIK interest on such converted amount shall accrue at the applicable rate set forth in the Amendment and shall be added to the outstanding principal balance on each interest payment date
50x by the fiscal quarter ending December 31, 2025, and each fiscal quarter thereafter; (b) the Minimum Liquidity covenant has been reduced from $50 million to $30 million, tested on a weekly basis; and (c) the Interest Coverage Ratio covenant has been waived through the fiscal quarter ending December 31, 2023, and shall be reinstated at 1
The net proceeds from such vessel sales, after deduction of customary disposition costs, brokerage commissions, and applicable taxes, shall be applied to prepay outstanding Term Loan A principal in accordance with the mandatory prepayment provisions of the amended Senior Secured Credit Agreement
In the event of any conflict between this summary and the terms of any Transaction Document, the terms of the applicable Transaction Document shall control