InvestorsHub Logo
Followers 34
Posts 6233
Boards Moderated 0
Alias Born 09/07/2006

Re: chevy56 post# 27769

Thursday, 12/28/2017 4:33:08 PM

Thursday, December 28, 2017 4:33:08 PM

Post# of 29021
$100 Million – Syndicated Secured Term Loan Facility (the "Facility")

The Company has entered into an indicative term sheet, subject to due diligence and the signing of definitive documentation, with ABN AMRO Bank N.V., pursuant to which, the repayment instalments under the current loan agreement (the "Facility") will be deferred to the maturity of the loan in June 2017, subject to a cash sweep mechanism and certain other conditions. In addition, ABN AMRO Bank agreed to waive certain covenants under the Facility in their entirety while others will be amended up until the maturity of the Facility.