Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / negotiation-issues-memo.docx
negotiation-issues-memo.docx
Parties
Harkness LLP
Crestline Packaging Solutions LLC
Ironwood Capital Finance LLC
Rao LLP
Crestline Coatings Inc
Ridgeway LP
Lennox LLP
Dates
March 25, 2021
February 22, 2021
March 3, 2021
March 18, 2021
March 29, 2021
April 5, 2021
September 12, 2019
March 15, 2021
May 7, 2026
April 12, 2021
Amounts
$20,000,000
$87.3
$14.1
$20
$28.5
$8.5
$35
$18.2
$25
$21.875
Obligations
0 million) must be serviced in addition to the Company's existing senior debt service obligations under the Pinnacle facilities
If the final MCA includes any scheduled amortization of the Mezzanine Loan (which is not contemplated by the Term Sheet but may be proposed during negotiations), it must be clear that scheduled amortization payments are not subject to the prepayment premium
The Warrant (and any equity interests issued upon exercise) must be subject to co-sale (tag-along) and drag-along rights consistent with the terms of the Crestline Operating Agreement
The Company's Total Leverage Ratio, defined as Total Funded Debt divided by Trailing Twelve Month EBITDA, shall not exceed 4
The Company's Fixed Charge Coverage Ratio ("FCCR"), defined as Trailing Twelve Month EBITDA divided by Fixed Charges, shall not be less than 1
The Company's Trailing Twelve Month EBITDA shall not be less than $12,500,000 as of the last day of any fiscal quarter