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Under the terms of the agreement, the company will:

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The Rainmaker Member Level  Friday, 11/10/17 10:18:25 PM
Re: Lone Wolf post# 168
Post # of 1811 
Under the terms of the agreement, the company will:
Fully extinguish the loans under the credit facility totaling $449.5 million and obtain a new secured revolving credit facility between $65 million and $70 million, to be supplied by one of the company’s lenders
Significantly reduce the company’s annual debt service from $32 million to less than $5 million
Deleverage the company’s balance sheet, reducing its net leverage from approximately 12.4x to less than 1.0x


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