Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / due-diligence-memorandum.docx
due-diligence-memorandum.docx
Parties
Harkness LLP
Logistics SA
Kallistratos Maritime Holdings Ltd
Anchor Bay Securities LLC
Halcyon Partners International Ltd
Carruthers LLP
Clearwater Shipping Finance Ltd
Karidis LLP
Dates
August 5, 2022
September 6, 2022
September 12, 2022
July 15, 2022
July 25, 2022
July 28, 2022
August 3, 2022
December 31, 2019
June 30, 2022
July 29, 2022
Amounts
$400,000,000
$1.00
$365,000,000
$50,000,000
$1.4
$300,000,000
$5,000,000
$32,000,000
$19,000,000
$13,000,000
Obligations
4, the consent of Pelagos Fund III must be obtained in writing prior to closing
The Meridian facility contains the following financial covenants, tested semi-annually: (i) Minimum Collateral Coverage Ratio: The aggregate fair market value of the 16 mortgaged vessels must equal or exceed 125% (1
(ii) Minimum Cash Balance: TSL must maintain a minimum consolidated cash balance of $15,000,000
(iii) Maximum Leverage Ratio: Total funded debt to EBITDA must not exceed 4
As with the Meridian facility, Clearwater's consent or waiver is required to permit the Notes offering to proceed during the gap period between launch and closing