25iQuiz: Describe what is happening in this document in a simple paragraph understandable by your high school algebra teacher. Make the term "superpriority senior secured delayed-draw debtor in possession credit facility" understandable for that teacher. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47378/812373_58.pdf …
2/ As everyone knows, Debtors’ largest prepetition secured creditor, SoftBank has agreed to serve as the lead lender under the DIP Facility, while giving other holders of the Debtors’ 12.5% senior secured promissory notes (the “Notes”) the opportunity to participate in the DIP.
The origin of a DIP is: https://www.cadwalader.com/uploads/books/decb0584e807daf9c24c2bee67fa19ba.pdf …
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