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Re: None

Friday, 03/24/2017 12:30:06 PM

Friday, March 24, 2017 12:30:06 PM

Post# of 48140
Opus also jacking up the interest rates as of March 31 to 7.25% on the revolver and 7.25% on the term loan.

Also demanding that asset sale proceeds go to pay down the Opus debt.


Also of note in the third amendment:

"on or before May 1, 2017, an executed engagement letter with an investment bank or other financial advisor, in either case acceptable to Lender, with respect to a proposed sale by the Loan Parties of the [***] of the Loan Parties, which engagement letter shall be in form and substance satisfactory to Lender.”

I wonder what the [***] is.


________________________________________________________

Caller: But why did you back away from your prior guidance?

Eric Kelly: I am sorry? Hello?


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