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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 48 slides",
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  "authorName": "SmileDirectClub",
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  "presentationDate": "2023-02-01 00:00:00",
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      "text": "smile\nDIRECT CLUB",
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      "text": "This facility enables us to access additional liquidity on favorable terms by leveraging our receivables and providing us with greater flexibility to fuel ongoing operations and execute on growth initiatives.",
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      "text": "Subject to certain exceptions, the Loan Agreement is secured by first-priority security interests in SPV's assets, which consist of certain receivables, cash, intellectual property and related assets. SPV's obligations under the Loan Agreement are guaranteed on a limited basis by SmileDirectClub, LLC and SDC Financial LLC (collectively, the “Guarantors\").",
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      "text": "The Company entered into a Loan Agreement (the \"Loan Agreement”) by and among SPV, as borrower, SmileDirectClub,LLC as the seller and servicer, the lenders from time to time party thereto, and HPS Investment Partners, LLC, as administrative agent and collateral agent",
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      "text": "Secured Debt Facility\nAmount $255 million\nSecurity Interest Certain Receivables, Cash & IP\nMaturity 42 months\nDelayed Draw Availability 18 months\nInterest L+700bps Cash & 375bps PIK\nUndrawn Commitment Fee 275bps",
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