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CiteLLM Check · Finance

Compliance certificate vs credit agreement

The certificate says 3.00x, in compliance. On the credit agreement's own definitions it's 4.26x against a 3.50x maximum.

What Check caught

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The certificate uses the cure to cut debt, which the agreement forbids. Recomputed: 4.26x against a 3.50x maximum.

About this demo

A borrower's Q1 2025 compliance certificate with an $85M equity cure, checked against the credit agreement, the 10-Q and the 10-K. Check recomputes each covenant with the agreement's definitions.

How this demo was made

The compliance certificate is synthetic: written for testing from Solo Brands' real SEC filings, with deliberate errors, and marked "SYNTHETIC TEST DOCUMENT" on every page. Solo Brands did not make this equity cure; in June 2025 it amended its credit agreement and obtained a waiver instead. The credit agreement, 10-Q and 10-K are the real filings, unchanged. The assessments are Claude's, made with CiteLLM Check; CiteLLM located every quotation in the source PDFs and recomputed every calculation from the quoted figures. Figures are in thousands of US dollars, as in the certificate. The review above is CiteLLM Check's own viewer, as it opens in ChatGPT and Claude.

The documents

  • CheckedCompliance certificate Q1 2025 (sample).pdfPDFSynthetic sample, marked on every page
  • SourceCredit Agreement as amended (Amendment No. 3).pdfPDFOriginal Exhibit 10.3 to Solo Brands' 10-Q (EDGAR)
  • SourceSolo Brands 10-Q Q1 2025.pdfPDFOriginal Form 10-Q, Q1 2025 (EDGAR)
  • SourceSolo Brands 10-K 2024.pdfPDFOriginal Form 10-K, 2024 (EDGAR)

Run it on your documents.

Check works inside ChatGPT and Claude. Attach your PDFs, ask, and the review opens beside the chat. Draft tie-outs are part of CiteLLM Pro.

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The request

Check this compliance certificate against the credit agreement and the financial statements. Recompute each covenant with the agreement's own definitions.

Attach the documents above, select CiteLLM, and paste this request. Needs CiteLLM Pro.

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