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

Financial Table Classification and Extraction
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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

90%
Accuracy

Extract all relevant values from the PDf at 90% Accuracy

30x
Efficiency

Increased efficiency helps better deployment of SMEs

50%
ROI

Start to benefit the investment done from day 1

10x
Speed

Augment the team's productivity

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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