Built for institutional direct lenders

Credit agreement
review in
4 minutes.

Basecase reads your credit agreements, extracts every covenant, indexes your collateral package, and flags risks — so your team spends time on decisions, not documents.

Free demo · No account required · $750/analysis after

A+
Credit
$75M
Facility Size
2.6x
Leverage
12
Covenants
Extracted
S+475
Spread
1.25x
FCCR
$28.5M
TTM EBITDA
Low
Risk Score
Mar '31
Maturity
0 Breaches
This Quarter
8
EoD Events
4 min
Average analysis time for a 100-page agreement
$1.7T
Private credit market — still powered by spreadsheets
8–12
Covenants extracted per agreement, fully indexed

$1.7 trillion in private credit.
Still powered by spreadsheets.

01

Manual Document Review

Analysts spend 6–8 hours reading a single credit agreement. Key terms get buried. Risks get missed. The deal memo is always behind schedule.

02

Reactive Monitoring

Covenant breaches surface during quarterly reviews, weeks after the violation occurred. By then, leverage has shifted and your options have narrowed.

03

No Cross-Deal Search

Need to know which portfolio companies have a change-of-control provision below 35%? Good luck searching twenty separate Word docs and PDF binders.

From PDF to intelligence
in three steps.

01

Upload the Agreement

Drop in your credit agreement PDF — term loans, revolvers, delayed draw facilities. Any jurisdiction, any structure.

Takes 10 seconds
02

AI Extracts Everything

Borrower, pricing, maturity, collateral package, every financial and non-financial covenant, events of default, and risk flags — all structured and indexed.

Takes 3–4 minutes
03

Search and Monitor

Query across your entire agreement library. "Which deals have leverage step-downs below 3.5x?" Answer in one click, not three days.

Instant results

Credit intelligence that
never sleeps.

Basecase reads, analyzes, and indexes your credit agreements so your team focuses on judgment calls, not document review.

Covenant Extraction

Every financial and non-financial covenant extracted, named, and described with section references. Maximum leverage ratios, FCCR floors, CapEx limits, restricted payment baskets — all structured and searchable.

12 covenants avg per agreement

Cross-Agreement Search

Search covenant terms across your entire portfolio at once. Find every deal with a change-of-control provision, every facility with SOFR step-downs, every borrower near a leverage breach.

Instant cross-deal queries

Risk Flag Identification

AI flags structural risks, covenant headroom concerns, concentrated collateral, and cure right limitations — surfaced at review time, not when it's too late to act.

4 risk categories analyzed

Deal Summary & Key Terms

Borrower, lender, facility type, facility size, pricing spread, base rate, maturity, effective date, collateral package, and governing law — structured and ready for your IC memo in seconds.

100-page agreements in 4 minutes

We were spending 6 hours on initial document review for every new deal. Basecase cuts that to under 30 minutes. The covenant extraction alone saves two analyst-days per deal.

MD
Managing Director, Credit
Direct Lending Firm — Early Access User

See a real deal analysis in 10 seconds. No account required.

We loaded a fictional $75M senior secured term loan so you can see exactly what Basecase extracts before uploading your own agreement.

Try the Demo → Upload Your Agreement ↗

Free demo · $750 per analysis after · Results in 4 minutes