{
  "title": "Credit Memo: Meta Platforms, Inc.",
  "date": "2026-02-13",
  "recommendation": "APPROVE",
  "executive_summary": "Borrower meets all standard covenants. Strong financial position.",
  "financial_highlights": {
    "Revenue": 134902,
    "EBITDA": 62310,
    "Total Debt": 37043,
    "Cash": 41862,
    "Net Debt": -4819
  },
  "growth_analysis": {
    "Revenue CAGR (3Y)": 7.0,
    "EBITDA CAGR (3Y)": 6.7,
    "Revenue YoY": 15.7,
    "EBITDA YoY": 54.3
  },
  "covenant_analysis": {
    "leverage_test": "PASS",
    "coverage_test": "PASS"
  }
}