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  "documentTitle": "Moelis & Company | Investment Banking Pitch Book | 36 slides",
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  "notes": "The slide outlines specific debt service obligations and the timing of an equity cure window.",
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      "text": "In order to satisfy MOC's creditors for the month of August, Empire will need to make total payments to MOC of $14.3mm",
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      "text": "Additionally, we looked at the Q2 equity cure, which will require $10.7mm and can be made starting August 30th and up until the window closes on September 9th. Given the overlap of the equity cure window and the payment windows for payments totaling $14.3mm, a portion of the payments due can be funded with the equity cure.",
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      "text": "Based on the latest projections from management, MOC will require funding from Empire to cover: Term loan / revolver interest expense, Equipment loan interest expense, Equipment loan amortization payments; and Provide an equity cure for a covenant breach.",
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      "text": "Source: Project Bald Eagle Financial Model; financial projections and all underlying assumptions per Empire Resorts Management. Financial projections are subject to change by management. 1. Equipment loan amortization paydown of $220,911 and interest expense of $20,528 due on Thursday, September 5th",
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      "text": "Payment Name, Amount Due, Date Due, Outside Payment Date. TL/Revolver Interest Payment, $14,314,647, August 30th, September 4th. Equipment Loan Interest Payment, $20,528 / $254,450, Every Thursday, Every Thursday. Equipment Loan Amortization Payment, $220,911 / $1,184,790, Every Thursday, Every Thursday.",
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      "text": "MOC Capital Requirement",
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