New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
Liberty Global Ltd. amended revolving credit with The Bank of Nova Scotia maturing May 31, 2026 and September 30, 2029.
“to, among other things, bifurcate the Revolving Facility into Revolving Facility A (which has a final maturity date of May 31, 2026) and Revolving Facility B (which has a final maturity date of September 30, 2029)”
COMMUNITY HEALTH SYSTEMS INC incurred senior notes of $1,000,000,000 aggregate principal amount with Regions Bank at 10.875% per year maturing 2032.
“On December 22, 2023, CHS/Community Health Systems, Inc. (the "Issuer"), a direct, wholly owned subsidiary of Community Health Systems, Inc. (the "Company"), completed its previously announced offering (the "Notes Offering") of $1,000,000,000 aggregate principal amount of its 10.875% Senior Secured Notes due 2032 (the "Notes").”
SUNPOWER CORP amended credit facility of $65.3 million with Atlas Securitized Products Holdings, L.P..
“Credit Agreement, which could be read to result in the immediate acceleration of debt thereunder (the “Quarterly Financials Default”), which would be equal to approximately $65.3 million . The Amendment provides for, among other things, (i) a temporary waiver until January 19, 2024 of (x) the Quarterly Financials Default and (y) any defaults or events of default”
INNOVATIVE SOLUTIONS & SUPPORT INC amended revolving credit of from $10,000,000 to $30,000,000 with PNC Bank, National Association at Daily SOFR plus an unadjusted spread of Applicable SOFR Margin plus a SOFR adjus maturing December 19, 2028.
“On December 19, 2023, Innovative Solutions and Support, Inc. (the “ Company ”) and PNC Bank, National Association (“ PNC ”) entered into an Amendment to Loan Documents (the “ Loan Amendment ”) and a corresponding Amended and Restated Revolving Line of Credit Note (“ Restated Line of Credit Note ”) and Amended and Restated Line of Credit and Investment Sweep Rider (the “ Restated Rider ”), to increase the aggregate principal amount available under the Company’s senior secured revolving line of credit from $10,000,000 to $30,000,000 and extend the maturity date until December 19, 2028.”
HURCO COMPANIES INC amended credit facility with Bank of America, N.A. maturing December 31, 2025.
“to extend the scheduled maturity date under the Credit Agreement from December 31, 2023 to December 31, 2025.”
ARES STRATEGIC INCOME FUND amended credit facility of $1 billion total commitments (increased from $500 million), with $250 million of revolving loans converted to term loans with Société Générale at applicable benchmark (Term SOFR, Daily Simple SONIA, EURIBOR or CORRA) plus 2.60 maturing July 26, 2028 for term loans.
“thereto, and the document custodian party thereto. The SG Funding Facility Amendment, among other things, (a) increased the total commitments under the SG Funding Facility from $500 million to $1 billion, including commitments for up to $50 million of swingline loans subject to the terms of the SG Funding Facility Amendment (any usage of which reduces availability”
iCoreConnect Inc. incurred convertible notes of $70,000 with two separate investors at 12% per annum maturing December 19, 2024.
“On December 19, 2023, the Company entered into two securities purchase agreements with two separate investors, pursuant to which the Company issued each investor a convertible note each in principal amount of $70,000 in exchange for $70,000 each.”
iCoreConnect Inc. incurred convertible notes of $500,000 with existing investor at 12% per annum maturing December 18, 2024.
“☐ Item 1.01 Entry Into a Material Definitive Agreement On December 18, 2023, the Company entered into a securities purchase agreement with an existing investor, pursuant to which the Company issued the investor a convertible note in principal amount of $500,000 in exchange for $500,000.”
Revelstone Capital Acquisition Corp. incurred loan of $100,000 with La Jolla Group at does not bear interest maturing upon closing of a business combination by the Company.
“On December 18, 2023, Revelstone Capital Acquisition Corp. (the “ Company ”) issued one unsecured promissory note (the “ Note ”) in an amount of $100,000, to La Jolla Group (“ Sponsor ”), for working capital. The Note does not bear interest and matures upon closing of a business combination by the Company.”
Blue Owl Technology Income Corp. incurred senior notes of $75,000,000 at Benchmark (which is based on the CME TSFR3M Index Screen Rate and more fully def maturing January 15, 2027.
“On December 20, 2023, Blue Owl Technology Income Corp. (the “Company”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $75,000,000 in aggregate principal amount of Series 2023B Senior Notes, Tranche B, due January 15, 2027, with a floating interest rate per annum equal to the Benchmark (which is based on the CME TSFR3M Index Screen Rate and more fully defined in the Note Purchase Agreement) plus 4.45% (445 basis points) (the “Notes”), to qualified institutional investors in a private placement.”
Marblegate Acquisition Corp. incurred loan of up to $450,000 with Marblegate Special Opportunities Master Fund, L.P. at bears no interest maturing due and payable upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding u.
“On December 21, 2023, Marblegate Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up to $450,000 to Marblegate Special Opportunities Master Fund, L.P., a member of the Company’s sponsor (the “ Payee ”).”
Stone Point Credit Corp amended revolving credit of $85 million (from $125 million) with Capital One, National Association at 235 bps per annum SOFR (from 195 bps) / 135 bps per annum Reference Rate (from 9 maturing December 27, 2024 (from December 28, 2023).
“things, extends the maturity date to December 27, 2024 from December 28, 2023, reduces the maximum borrowing capacity of the Company under the Revolving Credit Agreement to $85 million from $125 million and increases the Applicable Margin (as defined in the Revolving Credit Agreement) to 235 basis points per annum from 195 basis points per annum with respect to”
AMERICAN REBEL HOLDINGS INC incurred debt of $500,000 with Kingdom Building Inc. maturing repurchased upon exercise of Call Option or Put Option.
“On December 19, 2023, the Registrant entered into a Revenue Interest Purchase Agreement (the “ Revenue Interest Purchase Agreement ”) with Kingdom Building Inc. (“ KBI ”), pursuant to which KBI purchased a revenue interest from the Registrant for $500,000, less $5,000 in transaction expenses.”
Super League Enterprise, Inc. incurred credit facility of $4,000,000 with SLR Digital Finance, LLC at prime rate plus 2% maturing 24 months from the Effective Date.
“by the face value of such Account (the “ Advance Rate ”), less any reserved funds and any other amounts due to Lender from Borrowers, up to a maximum aggregate Advance amount of $4,000,000 (the “ Maximum Amount ”)(the Advances on the Accounts is hereinafter, the “ Facility ”). Upon receipt of any Advance, Borrowers will have assigned all of its rights in such”
Element Solutions Inc incurred term loan of $1,150 million with Citibank, N.A., as collateral agent and administrative agent at Term SOFR plus a spread of 2.00% per annum maturing December 18, 2030.
“Amendment No. 8 provided for the repayment in full of the Company's existing $150 million tranche A term loans (the "Existing TLAs") and the refinancing of its existing $1,105 million tranche B term loans (the "Existing TLBs") by creating a new tranche B-2 of term loans denominated in U.S. dollars in an aggregate principal amount of $1,150 million (the "Refinanced TLBs").”
BREAD FINANCIAL HOLDINGS, INC. incurred senior notes of $600 million principal amount with U.S. Bank Trust Company, National Association at 9.750% maturing March 15, 2029.
“On December 22, 2023, Bread Financial Holdings, Inc. (the “Company”) closed its previously announced offering of $600 million principal amount of 9.750% Senior Notes due 2029 (the “Notes”).”
DIVERSIFIED HEALTHCARE TRUST incurred senior notes of $940,534,000 with U.S. Bank Trust Company, National Association at 11.25% per annum compounded semiannually maturing January 15, 2026.
“completed a private offering of $940,534,000 in aggregate principal amount at maturity of senior secured notes due 2026”
AZZ INC amended revolving credit with Citibank, N.A. at margin ranging from 275 basis points to 350 basis points subject to leverage rat.
“The Second Amendment (a) decreased the interest rate margin applicable to the Revolving Credit Loans from 425 basis points to margin ranging from 275 basis points to 350 basis points subject to leverage ratio step-down; (b) reduced the interest rate further by eliminating SOFR loan credit spread adjustment; and (c) reduced the Commitment Fee applicable to the Revolving Credit Loans by 125 basis points, subject to pricing grid.”
ADDVANTAGE TECHNOLOGIES GROUP INC amended credit facility of credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity with Vast Bank, N.A..
“The Fulton facilities, after Modification, provide a credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity secured by receivables of a major customer of $0.5 million, with a fee of 1.6% of sold receivables.”
ADDVANTAGE TECHNOLOGIES GROUP INC amended credit facility of $5.0 million and $1.0 million with Vast Bank, N.A. at 2.45% to Nave and 1.95% to Triton.
“Vast agreed to extend the Nave, Triton, and Fulton accounts receivable purchase facilities to April 17, 2024. After Modification, the Nave and Triton facilities provide credit capacities of $5.0 million and $1.0 million, respectively. Vast will charge a fee of 2.45% to Nave and 1.95% to Triton of sold receivables.”
HARMONIC INC. incurred term loan of up to $40.0 million maturing December 21, 2028.
“and a secured delayed term loan facility in an aggregate principal amount of up to $40.0 million (the “Term Facility”). The Credit Agreement refinances and replaces the Company’s existing credit agreement”
HARMONIC INC. incurred credit facility of up to $120.0 million with Citibank, N.A., as administrative agent maturing December 21, 2028.
“On December 21, 2023, Harmonic Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, certain subsidiaries of the Company from time to time party thereto, the lenders from time to time party thereto, and Citibank, N.A., as administrative agent. The Credit Agreement provides for a secured revolving loan facility in an aggregate principal amount of up to $120.0 million (the “Revolving Facility”)”
ACURA PHARMACEUTICALS, INC amended loan of $4,669,279 with Abuse Deterrent Pharma, LLC at 5.25% maturing March 31, 2024.
“#1 to the November 10, 2022 Amended, Consolidated and Restated Secured Promissory Note (the “Note”). Amendment #1 has an effective date of December 7, 2023. This Note totaling $4,669,279 bears interest at 5.25% and had a maturity date of December 31, 2023, at which time all principal and interest was due. Amendment #1 changes the maturity date of the Note to March”
Nuvera Communications, Inc. amended credit facility of from $30.0 million to $40.0 million with CoBank, ACB.
“the Revolving Commitment under the Amended Credit Agreement was increased from $30.0 million to $40.0 million”
Battery Future Acquisition Corp. incurred convertible notes of $150,000 with Pala Investments Limited at 10.00% per annum maturing the earlier of (i) the date of BFAC's liquidation and (ii) the date on which the business combination is consummated.
“On December 20, 2023, Battery Future Acquisition Corp. (“BFAC”) issued an unsecured convertible promissory note in the aggregate principal amount of $150,000 (the “Note”) to Pala Investments Limited (“Pala”).”
Keyarch Acquisition Corp incurred loan of $600,000 with Keyarch Global Sponsor Limited at no interest maturing upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company.
“On December 21, 2023, Keyarch Acquisition Corporation (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up to $600,000 to Keyarch Global Sponsor Limited, a Cayman Islands limited liability company and the Company’s sponsor (the “ Payee ”).”
Altus Power, Inc. amended term loan of $163 million with Blackstone Asset Based Finance Advisors LP at 6.70%.
“The Third Amendment provides for an additional $163 million available to Altus for borrowing under the Credit Agreement, at an interest rate of 6.70%.”
CXApp Inc. incurred loan of $3,885,000 original principal amount, unsecured Promissory Note, purchase price of $3,000,000 after $870,000 original is with Streeterville Capital, LLC at ten percent (10%) per annum compounded daily; upon Event of Default, lesser of t maturing 12 months from date of issuance (December 15, 2023).
“On December 15, 2023, CXApp Inc. (the "Company", "we", "us" or "our") entered into a Note Purchase Agreement (the "Note Purchase Agreement") with Streeterville Capital, LLC (the "Investor") and consummated the sale to such Investor of an unsecured Promissory Note (the "Note") with an original principal amount of $3,885,000 in a private placement (the "Private Placement") that closed on December 15, 2023.”
Varagon Capital Corp incurred senior notes of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B with qualified institutional investors at fixed interest rate of 8.20% per year maturing due December 21, 2028.
“On December 21, 2023, Varagon Capital Corporation (the “Company”) entered into a Master Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A, due December 21, 2026, with a fixed interest rate of 8.10% per year (the “Tranche A Notes”), and $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B, due December 21, 2028, with a fixed interest rate of 8.20% per year (the “Tranche B Notes” and, together with the Tranche A Notes, the “Notes”), to qualified institutional investors in a private placement.”
Varagon Capital Corp incurred senior notes of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A with qualified institutional investors at fixed interest rate of 8.10% per year maturing due December 21, 2026.
“On December 21, 2023, Varagon Capital Corporation (the “Company”) entered into a Master Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A, due December 21, 2026, with a fixed interest rate of 8.10% per year (the “Tranche A Notes”), and $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B, due December 21, 2028, with a fixed interest rate of 8.20% per year (the “Tranche B Notes” and, together with the Tranche A Notes, the “Notes”), to qualified institutional investors in a private placement.”
Blackstone Secured Lending Fund amended credit facility of $500 million with JPMorgan Chase Bank, N.A., as administrative agent maturing May 17, 2027.
“The Third Amendment provides for, among other things, an increase in the commitments under the Revolving Credit Agreement to $500 million, an extension of the period during which Jackson Hole Funding may make borrowings under the Revolving Credit Agreement to November 28, 2025, an extension of the stated maturity date of the Revolving Credit Agreement to May 17, 2027”
Bantec, Inc. incurred convertible notes of $40,000 with 1800 Diagonal Lending LLC at 10% per annum maturing December 11, 2024.
“Bantec, Inc. (the “Company”) and 1800 Diagonal Lending LLC (“Lender”)entered into the Securities Purchase Agreement, dated as of December 11, 2023 (the “Agreement”), pursuant to which the Company issued a promissory note (the “Note”) to the Lender in the principal amount of $40,000.”
Kinetik Holdings Inc. incurred senior notes of $300 million aggregate principal amount with U.S. Bank Trust Company, National Association at 6.625% maturing December 15, 2028.
“issued $300 million aggregate principal amount of its 6.625% Sustainability-Linked Senior Notes due 2028”
PATRIOT TRANSPORTATION HOLDING, INC. incurred loan of $10,000,000 with NBC Oklahoma, an Oklahoma banking association, as the lender.
“On December 21, 2023, a subsidiary of Parent entered into that certain Loan Agreement with NBC Oklahoma, an Oklahoma banking association, as the lender (the “Loan Agreement”), which provides for a term loan in the principal amount of $10,000,000.”
PATRIOT TRANSPORTATION HOLDING, INC. incurred term loan of up to $17,192,900 with BMO Bank, N.A., as administrative agent.
“On December 21, 2023, Parent, the Company, and certain of Parent’s and the Company’s subsidiaries entered into that certain Credit Agreement with BMO Bank, N.A., as administrative agent and swing line lender (the “Agent”), the lenders from time to time party thereto, and the guarantors from time to time party thereto (the “Credit Agreement”), which provides for (i) a senior revolving credit facility in the principal amount of up to $40,000,000 and (ii) a senior term loan bridge facility in the principal amount of up to $17,192,900.”
PATRIOT TRANSPORTATION HOLDING, INC. incurred revolving credit of up to $40,000,000 with BMO Bank, N.A., as administrative agent and swing line lender.
“On December 21, 2023, Parent, the Company, and certain of Parent’s and the Company’s subsidiaries entered into that certain Credit Agreement with BMO Bank, N.A., as administrative agent and swing line lender (the “Agent”), the lenders from time to time party thereto, and the guarantors from time to time party thereto (the “Credit Agreement”), which provides for (i) a senior revolving credit facility in the principal amount of up to $40,000,000”
NantHealth, Inc. incurred convertible notes of $75.0 million aggregate principal amount of the Company's 4.50% Convertible Senior Notes due 2026 with Highbridge Capital Management, LLC at 4.50% maturing 2026.
“Highbridge Convertible Notes Exchange of $75.0 million aggregate principal amount of the Notes held by Highbridge, together with accrued and unpaid interest thereon and related fees”
NantHealth, Inc. amended credit facility of not specified with Highbridge Capital Management, LLC at 8.50% per annum (amended from 13.00%) maturing December 15, 2025.
“decrease the interest rate from 13.00% per annum prior to the Credit Agreement Amendment effective date to 8.50% per annum after the Credit Agreement Amendment effective date; (ii) extend the maturity date to December 15, 2025”
NantHealth, Inc. incurred credit facility of $7.5 million (Tranche A Financing); up to $17.5 million (Tranche B Financing) with Nant Capital, LLC at not specified maturing not specified.
“interests of the Credit Agreement, secured by certain additional other collateral owned by Nant Capital. In addition, pursuant to the Settlement, Nant Capital (i) provided $7.5 million in cash on the Credit Agreement Amendment (as defined below) effective date (the “ Tranche A Financing ”) and (2) on or before December 31, 2023, will provide at least $17.5”
TREES Corp (Colorado) amended convertible notes of $13,500,000 with certain accredited investors.
“note offering consummated in September 2022, pursuant to which the Company issued and sold senior secured convertible notes (the “Notes”) with an aggregate principal amount of $13,500,000 (“Principal Amount”) to such Investors (“Original Note Offering”). The material terms of the Amended Notes include no changes to the aggregate principal amount; the maturity”
CVR ENERGY INC incurred senior notes of $600 million with U.S. Bank Trust Company, National Association at 8.500% maturing January 15, 2029.
“completed the issuance of $600 million in aggregate principal amount of 8.500% Senior Notes due 2029 (the "Notes") in a private offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.”
Travel & Leisure Co. incurred term loan of an aggregate principal amount of $300.0 million with Bank of America, N.A., as administrative agent at (a) Base Rate (which is the highest of Bank of America's prime rate, the federal maturing December 14, 2029.
“and (ii) term loans in an aggregate principal amount of $300.0 million, which the Company expects to use together with available cash on hand and revolving credit facility borrowings to refinance the Borrower's senior secured notes due April 2024 and pay related fees and expenses (the "B-2 Refinancing Term Loans", and together with the B-1 Refinancing Term Loans, the "2023 Incremental Term Loan Facility")”
Travel & Leisure Co. incurred term loan of an aggregate principal amount of $297.75 million with Bank of America, N.A., as administrative agent at (a) Base Rate (which is the highest of Bank of America's prime rate, the federal maturing December 14, 2029.
“The Fifth Amendment, among other things, established (i) term loans in an aggregate principal amount of $297.75 million to refinance the 2022 Incremental Term Loans under the Existing Credit Agreement (the "B-1 Refinancing Term Loans")”
EMCOR Group, Inc. amended revolving credit of $1.30 billion with Bank of Montreal, as Agent, and other lenders at ranging from 1.125% to 1.875% over the term secured overnight financing rate or maturing December 20, 2028.
“The 2023 Credit Agreement provides for a $1.30 billion five year revolving credit facility under which the Company may borrow up to $1.30 billion and EMCOR UK may borrow up $100.0 million. The Company has the ability to increase the revolving credit facility by up to an additional amount equal to the greater of (a) $900 million and (b) the Company’s Adjusted EBITDA (as such term is defined in the 2023 Credit Agreement) for the twelve-month period then ended. Such increase will be accommodated by either existing lenders (if they so choose) and/or new eligible lenders. The 2023 Credit Agreement contains customary financial covenants, representations and warranties and events of default. The Company’s obligations under the 2023 Credit Agreement are guaranteed by substantially all of its U.S. subsidiaries and secured by substantially all of the assets of the Company and the guarantors, in each case, subject to certain customary exceptions. All outstanding borrowings under the 2023 Credit A”
OPEN TEXT CORP amended credit facility with Barclays Bank PLC maturing December 19, 2028.
“The Second Amendment amends the Revolver to provide for, among other things, (i) the replacement of OTHI with Open Text Inc. as borrower, (ii) the extension of the Revolver's maturity date from October 31, 2024 to December 19, 2028, and (iii) the removal of the 10-basis point credit spread adjustment for loans bearing interest based on SOFR.”
GEO GROUP INC amended revolving credit of approximately $265 million in refinancing revolving credit commitments with Alter Domus Products Corp., as administrative agent at term SOFR reference rate for the applicable interest period plus between 2.75% a maturing March 23, 2027.
“GEO’s Third Amended and Restated Credit Agreement, dated as of March 23, 2017, as subsequently amended (the “Prior Credit Agreement”). The Amendment provides for approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027, constituting all of GEO’s revolving credit commitments from and after the date of the Amendment. Prior to”
Ernexa Therapeutics Inc. incurred senior notes of aggregate principal amount of $9,193,000 with certain accredited investors at 12.00% per annum maturing five years after the date of issuance.
“On December 14, 2023, Eterna Therapeutics Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (the “Investors”), pursuant to which it agreed to sell to the Investors (i) 12.0% senior convertible notes (the “Notes”) in an aggregate principal amount of $9,193,000”
KELLANOVA incurred revolving credit of up to an aggregate principal amount of US $1,000,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, and Morgan Stanley MUFG Loan Partners, LLC as Co-Syndication Agents at based on the secured overnight financing rate, or SOFR ... together with a margi maturing 364-Day.
“allows the Borrower, for the fees and expenses and at the interest rates specified therein, to borrow, on a revolving credit basis up to an aggregate principal amount of US $1,000,000,000 at any time outstanding. The interest rates in the New 364-Day Credit Facility applicable to borrowings under the facility are based on the secured overnight financing rate, or”
Bunge Global SA amended debt of increased the aggregate size of the Securitization Program by $400 million to an aggregate of $1.5 billion with Coöperatieve Rabobank U.A. maturing December 17, 2024.
“into Material Definitive Agreements Amendment to Existing Securitization Program On December 18, 2023, Bunge Global SA (“Bunge”) and certain of its subsidiaries amended its existing trade receivables securitization program (the “Securitization Program”) with Coöperatieve Rabobank U.A., as administrative agent (the “Administrative Agent”) and certain commercial paper conduit purchasers and committed purchasers (the “Purchasers”) pursuant to the Twenty-Fourth Amendment to the Receivables Transfer Agreement and Eighth Amended and Restated Receivables Transfer Agreement (collectively, the “Securitization Program Transaction Documents”).”
KKR Private Equity Conglomerate LLC incurred credit facility of $300 million with KKR Alternative Assets LLC at SOFR applicable to such loan plus 3.50% maturing December 20, 2024.
“certain wholly-owned subsidiaries of KKR Private Equity Conglomerate LLC (the “Company”), as may be added and removed from time to time (the “Borrowers”), entered into an unsecured, uncommitted line of credit (the “Credit Agreement”) up to a maximum aggregate principal amount of $300 million with KKR Alternative Assets LLC (the “Lender”), an affiliate of the Company. The line of credit expires on December 20, 2024, subject to six-month extension options requiring the Lender’s approval. The interest rate is the then-current rate offered by a third-party lender or, if no such rate is available, SOFR applicable to such loan plus 3.50%.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.