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ErnieBilco

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ErnieBilco

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Thursday, 05/21/2015 6:16:11 PM

Thursday, May 21, 2015 6:16:11 PM

Post# of 526
This doesn't sound too good.

During the fourth quarter of FY2015, U-Swirl did not achieve the adjusted EBITDA covenant of $1,804,000 for a rolling four quarters as defined by the loan agreement with RMCF. This covenant default enables RMCF, as the lender, the right to certain actions defined by the loan agreement.
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