Credit facilities, construction loans and capital raises.
Every facility carries the same questions: how much leverage, which covenants, who guarantees what, and who may waive it. Orelis keeps your answers, records every exception and who granted it, and prepares the draft your counsel starts from.
This is one of many kinds of deals Orelis covers. The same Index, Charter and Ledger run across every agreement your company signs, so each deal makes the next one better, whatever kind it is.
Positions like these, with who decided and why.
Leverage and covenants
Maximum leverage, cure rights, covenant holidays, and the one-offs that never became policy.
Guaranties and recourse
Completion and payment guaranties, carve-outs from non-recourse, and who signed them.
Pricing and prepayment
Prepayment premiums, interest reserves, and extension fees.
Who may waive
Which waivers need the board, which the CFO may grant alone, and the record of each one granted.
A construction loan. The lender's draft asked for full recourse; the Charter applies your capped guaranty, lists the departure for counsel, and leaves the reserve amount blank rather than guess it.
Construction loan agreement: draft for attorney review
Open issues for counsel
- Repayment guaranty: lender asked for full recourse; your standard of a 25% cap applied
- Interest reserve: amount not provided, left blank, not guessed
- Retainage: lender's 10% matches your last two construction loans
Forward the deal. The work comes back.
Forward it
Your team forwards what it already sends and receives to your own Orelis address: the letter of intent, counsel's drafts, the markup. Setup is an address and a list of who may send to it.
Orelis reads it
Positions, concessions, counterparties and open points go into your Index. Each departure from your standard is labeled for your people to confirm.
The Charter comes back
On the next deal, counsel receives a draft built from your own history: your positions applied, open issues surfaced, missing facts left as marked blanks.
See your own deals the way Orelis sees them.
Become one of the companies that build alongside us and shape what the category can become.