Credit Term Agreement Extraction
Identify key terms in the credit agreement like the issuer name, Transaction Date, Covenant Suspension/ Termination, Securities offered, Change of Control, Limitations, Leins etc.,
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Overview
The Orchestrated AI Models for Credit Term Agreement facilitate Bankers and Financial institutions in identifying key terms in the credit agreements, without having to read hundreds of pages meticulously. Botminds Credit Term Agreement Extractor helps you to keep the key agreement terms under your radar at all times and provide actionable insight.
Financial Table Classification and Extraction
Output
Instrument Rating
investment grade
Impact
suspended
Rating Agency
Moody’s Investors Service, Inc. (‘‘Moody’s’’) or Standard & Poor’s Ratings Services (‘‘Standard & Poor’s’’)
Notes Detail
% Senior Notes due 2025
Principal Amount
$450,000,000
Percentage of Principal Amount
101%
Transaction Date
April 24, 2017
Issuer name
Covey Park Energy LLC, Covey Park Finance Corp.
Criteria
$2.0 million
Transactions Limit
$20.0 million
Term Favor
no less favorable
Transaction Limit-BOD
$40.0 million
Cash Conversion Percentage
75%
Days Limit for Reinvestment
365 days,180 days
Current Limitation
$15.0 million
Proceeds Amount
$20.0 million
Buyback Days Limit
five
Securities Conversion
cash or Cash Equivalents
Cash Conversion Days Limit
180 days
Designated Non-Cash Limit
5.0%
Capital Lease Greater Limit
the greater of (i) $60 million and (ii) 3.0% of the Company’s Adjusted Consolidated Net Tangible Assets
Fixed Charge Coverage Ratio Minimum Limit
2.25
Credit Facility Basket Great Limit
the greatest of (i) $575.0 million, (ii) the Borrowing Base and (iii) $150.0 million plus 30.0% of the Company’s Adjusted Consolidated Net Tangible Assets
Additional Indebtedness
the greater of (i) $100.0 million and (ii) 5.0% of the Company’s Adjusted Consolidated Net Tangible Assets
Date of Starting
April 1, 2017
General Basket Limit
$50.0 million
Percentage of Equity Issuance
100%
Basket - Permitted Investment
the greater of (a) $100.0 million and (b) 5.0% of the Company’s Adjusted Consolidated Net Tangible Assets;
Percentage of CNI
50%
Fixed Charge Coverage Ratio Minimum Limit
2.25
General indebtedness
the greater of (a) $75.0 million and (b) 4.0% of the Company’s Adjusted Consolidated Net Tangible Assets
Credit Facility Basket Great Limit
the greatest of (i) $575.0 million, (ii) the Borrowing Base and (iii) $150.0 million plus 30.0% of the Company’s Adjusted Consolidated Net Tangible Assets
Result
Challenges
Reading hundreds pages which is a mind boggling work for the SME.
Missing any key agreement terms might cause the business
Time consuming process
Benefits
Keep the key agreement terms under your radar at all times
Access actionable insights on credit health
Scale up and scale down capacity in just few clicks.
Normalize values to proprietary formats.
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