10 Questions
What is the purpose of a revolver in the context of the text?
To have the flexibility to borrow small amounts as needed
What does the term 'forbearance with the lender' indicate about the company's financial situation?
The company was experiencing financial difficulty and needed temporary relief from loan obligations
What is the CFO's primary concern when mentioning 'liquidity' in the context of the text?
Ensuring that the company has a large amount of cash reserves
What does the CFO mean when mentioning 'debt service payment' in relation to the term loan?
The total interest payable over the duration of the loan
What is the purpose of having a DDT L (delayed draw term loan) sitting there, according to the speaker?
To seize a great opportunity when it arises
How does the speaker describe their approach to treating shareholders and debt holders?
They treat both parties equally
What aspect of the business does the speaker highlight as important regarding the monthly and quarterly meetings with creditors?
Net leverage ratios
According to the speaker, what makes the lenders and board happy?
Maintaining a cushion in liquidity
What important role do creditors play in the private company's annual audit process, according to the speaker?
They are a significant part of the audit process
How does the speaker describe their experience of working with creditors during challenging times?
Creditors cooperated and worked with them during challenging times
Explore the monthly experiences and responsibilities related to managing the relationship with a lender, including navigating forbearance and financial negotiations. Gain insights into the dynamics of interacting with lenders in various professional roles.
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