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MichaelKane

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MichaelKane

Re: Martin11 post# 538

Saturday, 12/16/2017 12:49:24 AM

Saturday, December 16, 2017 12:49:24 AM

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On November 13, 2017, STG Group, Inc. (the “Company”) received a formal notice of default from MC Admin Co LLC (“MC Admin”) with respect to the Credit Agreement, dated as of November 23, 2015



The approximate amount of borrowings outstanding under the Credit Agreement as of the date hereof is $74,003,041.




https://www.sec.gov/Archives/edgar/data/1583513/000114420417059426/tv479616_8k.htm



STG Inc was one of their subsidiaries. They owed 74m. Couldn't pay. STG inc no longer belongs to them.
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