In addition Arco just keeps upping the ante. They have given their blessing with their money. Relaxing the agreement now, we really owe them a debt of gratitude. About the same day that Teraz leaves I believe,their man takes over ...............they decide to change the agreement in Luminent's favor. Coincidence? My last post for today, good night and looking forward to the next couple of days folks!
On May 9, 2008, we entered into a second amendment to the amended and restated credit agreement dated September 26, 2007 with Arco Capital Corporation Ltd., or Arco. The amended agreement no longer limits the aggregate amount outstanding under specified master repurchase agreements with an affiliate of Arco. In addition, the amendment.
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