WAND NEWCO 3, INC.
The corporate parent entity that guarantees Caliber Collision's lease obligations as primary obligor. Its role as guarantor is confirmed in the 2024 Third Amendment to the Bakersfield, CA lease (Schedule 1, Section 5) and referenced in §37 of the lease. WAND NEWCO 3 is the documentary embodiment of "corporate credit" in Mike's lease-tier framework: even if an individual store closes, this entity remains on the hook for rent and performance.
Key Facts¶
- Guarantor of record for the Caliber corporate-credit lease example.
- Confirmed via Third Amendment Schedule 1, §5 (executed 7/23/24).
- Represents the strongest (Tier 1) guaranty in the credit tier framework.