|
Fiscal Quarter
September 30, 2019
December 31, 2019
|
Liquidity
$10,000,000
$12,500,000
|
|
March 31, 2020
June 30, 2020
September 30, 2020
December 31, 2020
March 31, 2021
June 30, 2021
September 30, 2021
December 31, 2021
March 31, 2022
June 30, 2022
|
$12,500,000
$12,500,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
|
| BORROWER: | ||
|
|
CELADON GROUP, INC.
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
| GUARANTORS: | ||
|
|
CELADON E-COMMERCE, INC.
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON TRUCKING SERVICES, INC.
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON REALTY, LLC
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
TAYLOR EXPRESS, INC.
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
|
||
|
|
OSBORN TRANSPORTATION, INC.
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON LOGISTICS SERVICES, INC.
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
EAGLE LOGISTICS SERVICES INC.
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
BEE LINE, INC.
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
| VORBAS, LLC | ||
| By: | /s/ Chase Welsh | |
| Name: | Chase Welsh | |
| Title: | Secretary | |
| DISTRIBUTION, INC. | ||
| By: | /s/ Chase Welsh | |
| Name: | Chase Welsh | |
| Title: | Secretary | |
|
|
CELADON MEXICANA, S.A. DE C.V.
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
QUALITY COMPANIES LLC
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
QUALITY EQUIPMENT LEASING, LLC
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
QUALITY INSURANCE LLC
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
| SERVICIOS DE TRANSPORTACIÓN JAGUAR, S.A. DE C.V. | ||
| By: |
/s/ Chase Welsh |
|
| Name: |
Chase Welsh |
|
| Title: |
Secretary |
|
| SERVICIOS CORPORATIVOS JAGUAR, S.C. |
||
| By: |
/s/ Chase Welsh |
|
| Name: |
Chase Welsh |
|
| Title: |
Secretary |
|
|
|
JAGUAR LOGISTICS S.A. DE C.V.
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
LEASING SERVICIOS, S.A. DE C.V.
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON MEXICANA, S.A. DE C.V.
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON CANADIAN HOLDINGS, LIMITED
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
| HYNDMAN TRANSPORT LIMITED |
||
| By: |
/s/ Chase Welsh |
|
| Name: |
Chase Welsh |
|
| Title: |
Secretary |
|
| ADMINISTRATIVE AGENT: |
||
| BLUE TORCH FINANCE, LLC |
||
| By: |
/s/ Kevin Genda |
|
| Name: |
Kevin Genda |
|
| Title: |
Authorized Signor |
|
| LENDERS: | ||
|
|
BTC HOLDINGS FUND I, LLC
|
|
| By: | Blue Torch Credit Opportunities Fund I LP, it sole member | |
| By: | Blue Torch Credit Opportunities GP LLC, its general partner | |
|
By:
|
/s/ Kevin Genda
|
|
|
Name:
|
Kevin Genda
|
|
|
Title:
|
Managing Member
|
|
| BTC HOLDINGS FUND I-B, LLC | ||
| By: | Blue Torch Credit Opportunities Fund I LP, its sole member | |
| By: | Blue Torch Credit Opportunities GP LLC, its general partner | |
|
By:
|
/s/ Kevin Genda
|
|
|
Name:
|
Kevin Genda
|
|
|
Title:
|
Managing Member
|
|
|
BTC HOLDINGS SC FUND LLC
|
||
| By: | Blue Torch Credit Opportunities SC Master Fund LP, its sole member | |
| By: | Blue Torch Credit Opportunities SC GP LLC, its general partner | |
|
By:
|
/s/ Kevin Genda
|
|
|
Name:
|
Kevin Genda
|
|
|
Title:
|
Managing Member
|
|
|
|
LUMINUS ENERGY PARTNERS MASTER FUND, LTD.
|
|
|
By:
|
/s/ Shawn R. Singh
|
|
|
Name:
|
Shawn R. Singh
|
|
|
|
Title:
|
General Counsel
|