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Calder Chemicals N.V. · Corporate · Restructuring · 2024-02-22

Calder Chemicals N.V. 2024 (B)

publisheddevelopment split10 verified of 10 questions · 2 documents · 1 instruments

Calder Chemicals N.V. experienced a restructuring credit event in 2024. The record contains the terms of the USD 2034 Notes, a Determinations Committee notice.

Timeline

What happened, when

  1. 2021-02-22Notes issued.
  2. 2024-02-22Credit event determined.
Instruments

Obligations in scope

InstrumentIssuerIdentifiersCurrencyMaturitySeniorityQuestions
USD 2034 NotesCalder Chemicals StateISIN XS1000197975USD2034-02-22Senior10
Key question · #253 · 2 of 4 models missed
Is the instrument transferable without the consent of the Issuer?
Claude GPT Gemini Mastermind
Key question · #256 · 2 of 4 models missed
Which section of the record establishes the seniority (ranking) of the instrument? Answer with the section identifier (e…
Claude GPT Gemini Mastermind
Key question · #255 · 1 of 4 models missed
Is the issuer of the instrument the Reference Entity or a recognised successor of it according to the record?
Claude GPT Gemini Mastermind
Case Replays

Every benchmark question and how each model did

#QuestionLevelVerifiedClaudeGPTGeminiMastermind
248What is the maturity date of the instrument? Answer as YYYY-MM-DD.Fact extraction2034-02-22deterministically verified✓✓✓✓
249In which currency is the instrument denominated? Answer with the ISO currency code.Fact extractionUSDdeterministically verified✓✓✓✓
250Does the instrument's maturity satisfy a maximum maturity of 30 years measured from the cr…Rule applicationYesdeterministically verified✓✓✓✓
251Is the instrument denominated in a Specified Currency (USD, EUR, JPY, GBP, CHF, CAD)?Rule applicationYesdeterministically verified✓✓✓✓
252Is the instrument subordinated?Rule applicationNodeterministically verified✓✓✓✓
253Is the instrument transferable without the consent of the Issuer?Document interpretationYesdeterministically verified△✓✓△
254Applying the standard Deliverable Obligation Characteristics (Not Subordinated, Specified …DeliverabilityEligibledeterministically verified✓✓✓✓
255Is the issuer of the instrument the Reference Entity or a recognised successor of it accor…adversarialMulti documentYesdeterministically verified✓✕✓✓
256Which section of the record establishes the seniority (ranking) of the instrument? Answer …Fact extractionDOC-1#S4deterministically verified✓✕✕✓
257Does the record contain enough evidence to reach a reliable deliverability conclusion with…UncertaintyYesdeterministically verified✓✓✓✓
Public documents

The record

  • DOC-1 USD 2034 Notes — Terms and Conditions (excerpt)
  • DOC-2 Determinations Committee notice — Calder Chemicals N.V.
Related cases

Precedents by structure, not by keyword

  • Calder Chemicals N.V. 2025Eligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: successor_alias, corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Halvard Steel AG 2024 (B)Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Brightwater Energy Corp 2024Eligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Meridian Telecom S.A. 2026Insufficient information
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.