An indenture says how much a company can borrow, what it can pledge, and how much cash it can pay out. We've created a solution that extracts and cites every basket better than a frontier model, so credit analysts can understand at a glance how strong or weak a set of covenants are.
Every liability management deal since 2016, J.Crew, Chewy, Serta, Wesco, At Home and the rest, broken into its moves. Besides just the dollar amounts, we also note if the J.Crew, Chewy, or Serta blockers are present.
We gave 89 covenant sections from 56 companies to our solution,Claude Sonnet 5, Claude Opus 5 and Meta Muse Spark 1.2. and judged the results against a expert-written eval set.
The frontier models found the clauses and left the money off. Full results in the case study.
Law firms start their covenant review from a finished, cited grid instead of a blank page.
Credit investors check every deal in the pipeline, not just the ones worth sending to outside counsel, and see which positions are exposed to which moves.
Your documents are never used for training, are covered by zero-retention agreements with every provider, and are processed in an isolated environment.