RumRunner1
TB Lurker
- Credits
- 113
Not sure why this increase from $70m to $170m is needed or what it means but it was filed yesterday:
https://archive.fast-edgar.com/20231127/AT2VN62EZZ2RUZZ222ZQ2ZYRONLNZZ22N25G/
The Junior DIP Credit Agreement Amendment amends the Junior Secured Super-Priority Debtor-in-Possession Credit Agreement to increase the Delayed Draw Term Commitments from $70 million to $170 million, and to increase the number of permitted Borrowings of Delayed Draw Term Loans from three (3) to seven (7) Borrowings. The increased Delayed Draw Term Commitments will be available to the Company to be Borrowed on and after December 1, 2023, only if cash and Cash Equivalents of the Borrower and its Subsidiaries is less than $25,000,000 in the aggregate immediately prior to such Borrowing. Each Borrowing of Delayed Draw Term Loans shall be no more than $25 million. The Postpetition B-2 Credit Agreement Amendment permits the increased Delayed Draw Term Commitments under the Junior Secured Super-Priority Debtor-in-Possession Credit Agreement.
https://archive.fast-edgar.com/20231127/AT2VN62EZZ2RUZZ222ZQ2ZYRONLNZZ22N25G/
The Junior DIP Credit Agreement Amendment amends the Junior Secured Super-Priority Debtor-in-Possession Credit Agreement to increase the Delayed Draw Term Commitments from $70 million to $170 million, and to increase the number of permitted Borrowings of Delayed Draw Term Loans from three (3) to seven (7) Borrowings. The increased Delayed Draw Term Commitments will be available to the Company to be Borrowed on and after December 1, 2023, only if cash and Cash Equivalents of the Borrower and its Subsidiaries is less than $25,000,000 in the aggregate immediately prior to such Borrowing. Each Borrowing of Delayed Draw Term Loans shall be no more than $25 million. The Postpetition B-2 Credit Agreement Amendment permits the increased Delayed Draw Term Commitments under the Junior Secured Super-Priority Debtor-in-Possession Credit Agreement.
