3
Shared Docs
3
Same-Page
3 / 3
Mentions
usively originates and services the portfolio, then sells it at par to a SPV under Sherrnan's ownership • The company employs low leverage, with a Debt/Equity of 2.1x, which is below 2.4x of comparable public companies Resurgent Capital Partners • Resurgent is a CFPB-regulated purchaser of distressed co
ents - 90 Days after Quarter End TBD Reporting covenants on Guarantor 7. Client details Navarro Relationship Overview: • Joanne Jensen has known Ben Navarro since 1993, when she worked for him on the Institutional Fixed Income Sales desk at Citi • In 2008, Joanne provided Ben with $440MM for the acquis
lusively originates and services the portfolio, then sells it at par to a SPV under Sherman's ownership • The company employs low leverage, with a Debt/Equity of 2.1x, which is below 2.4x of comparable public companies Resurgent Capital Partners • Resurgent is a CFPB-regulated purchaser of distressed con
Calculation Covenants Reporting Covenants Deutsche Bank AG, NY & JP Morgan Up to $500MM TBD — Newly formed Holding Company to be 100% owned by Ben Navarro and affiliates Ben Navarro & 5 family trusts 5 years 2 Years I/0 Amortization to begin on the second anniversary, and continue on each annivers
exclusively originates and services the portfolio, then sells it at par to a SPV under Sherman's ownership The company employs low leverage, with a Debt/Equity of 2.1x, which is below 2.4x of comparable public companies Resurgent Capital Partners Resurgent is a CFPB-regulated purchaser of distressed consu
as follows: Lender Deutsche Bank AG, NY & JP Morgan DB Commitment Up to $500MM Borrower TBD — Newly formed Holding Company to be 100% owned by Ben Navarro and affiliates Guarantors / Pledgors Ben Navarro & 5 family trusts Maturity 5 years Repayments 2 Years I/O Amortization to begin on the secon
Entities connected to both Debt/Equity and Ben Navarro
Resurgent Capital Partners
ORGANIZATIONJules Kroll
PERSON
Citicorp
ORGANIZATIONCredit One Bank
ORGANIZATION
Navarro
PERSON
Mohammed bin Salman
PERSONRadian
ORGANIZATION
Charleston
LOCATIONJoanne
PERSONChemical Bank
ORGANIZATIONQuarter End
ORGANIZATIONNavarro Relationship Overview
ORGANIZATIONKroll
ORGANIZATIONthe Medical University of South Carolina
ORGANIZATIONResurgent Capital Services
ORGANIZATIONResurgent
ORGANIZATIONCarolina Panthers
ORGANIZATIONBen Navarro & 5
ORGANIZATIONWharf Street Ratings Acquisition
ORGANIZATIONCredit One
ORGANIZATION