FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / kowalski-first-day-declaration.docx
kowalski-first-day-declaration.docx · 1006-00002

Parties

Crestline Packaging Solutions LLC
CPS Holdings Inc
OF CRESTLINE PACKAGING SOLUTIONS LLC
Pinnacle Claims Administration LLC
National Corp
Thornfield Capital Partners LP
Benchmark Real Estate Holdings LLC
Northstar Polymers Inc

Dates

June 20, 2022
December 31, 2025
March 1, 2019
December 31, 2021
March 31, 2022
October 13, 2017
April 22, 2022
May 18, 2022
July 2, 2022
July 1, 2022

Amounts

$6.8
$30.0
$4.8
$410
$163
$42,000
$87,500
$126,000
$312.6
$38.4

Obligations

6 million in Revolver claims): Holders of allowed first lien secured claims shall receive their pro rata share of (i) 92% of the reorganized equity of Reorganized CPS and (ii) $12
8 million): Holders of allowed general unsecured claims shall receive their pro rata share of a $1
(d) Class 6 — Existing Equity Interests (held by Thornfield): All existing equity interests in CPS Holdings shall be cancelled and extinguished on the Effective Date, and Thornfield shall receive no distribution on account of its equity interests
(e) Management Incentive Plan: 10% of the reorganized equity shall be reserved for a post-emergence Management Incentive Plan ("MIP"), diluting all classes of equity recipients on a pro rata basis
The specific terms of the MIP, including vesting schedules, performance targets, and individual allocations, shall be determined by the board of directors of Reorganized CPS following the Effective Date
SOFR plus 500 basis points; upon the occurrence and during the continuance of an event of default, the interest rate shall increase by an additional 200 basis points (the "Default Rate")