debt
confidence high
sentiment neutral
materiality 0.50
Melar Acquisition, YA Lender agree to pari passu treatment of debt to Everli Global
Melar Acquisition Corp. I/Cayman
- Intercreditor Agreement dated May 8, 2026 between Melar Lender, YA Lender, Everli Global, and others.
- Melar and YA Lender's indebtedness from Everli ranks equally in payment and security (pari passu).
- Principal payments to be shared pro rata between lenders; certain fees and conversions excluded.
- If YA Lender funds at least $5M, Melar Lender will transfer pledged collateral to YA as bailee for both lenders.
- Agreement coordinates enforcement and bankruptcy rights; relates to pending Melar/Everli business combination.
item 1.01item 9.01