Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Yellow Corp incurred credit facility of aggregate principal amount of $42.5 million under the Junior DIP Credit Facility and $100 million under the Postpetition with Alter Domus Products Corp., as administrative agent and collateral agent; Junior DIP Lenders; Postpetition B-2 Lenders at 15.00% per annum for Junior DIP Loans; Alternate Base Rate plus 8.50% per annum maturing February 17, 2024, with extension option to May 17, 2024.
- Instrument
- credit facility
- Principal
- aggregate principal amount of $42.5 million under the Junior DIP Credit Facility and $100 million under the Postpetition
- Counterparty
- Alter Domus Products Corp., as administrative agent and collateral agent; Junior DIP Lenders; Postpetition B-2 Lenders
- Rate
- 15.00% per annum for Junior DIP Loans; Alternate Base Rate plus 8.50% per annum
- Maturity
- February 17, 2024, with extension option to May 17, 2024
- Event
- incurrence
Exact text from the filing
the Postpetition B-2 Facility, respectively. The DIP Term Sheet provides for: (i) new money term loans under the Junior DIP Credit Facility in an aggregate principal amount of $42.5 million, of which $17.9 million was drawn upon entry into the DIP Term Sheet and satisfaction of certain customary conditions precedent, and the remainder of which will be made available
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.96
Yellow Corp entered into Debtor-in-Possession Term Sheet with Alter Domus Products Corp. valued at $42.5 million junior facility, $100 million postpetition facility, plus up to $70 million additional (effective 2023-08-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Alter Domus Products Corp.
- Value
- $42.5 million junior facility, $100 million postpetition facility, plus up to $70 million additional
- Effective
- 2023-08-21
Exact text from the filing
In accordance with the Interim DIP Order, on August 21, 2023, the Company Parties entered into that certain Debtor-in-Possession Term Sheet (the “ DIP Term Sheet ”), by and among the Company, as borrower, the DIP Guarantors (as defined therein), the financial institutions or other entities from time to time party thereto providing either the Junior DIP Credit Facility (the “ Junior DIP Lenders ”) or the Postpetition B-2 Facility (the “ Postpetition B-2 Lenders ”), and Alter Domus Products Corp., as administrative agent and collateral agent of both the Junior DIP Credit Facility and the Postpetition B-2 Facility, respectively.
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