Brief: Avid Technology Announces Amended Credit Facility Which Provides Incremental Flexibility To Support Its Strategy And Growth Plans
13/10/2022 13:07
Oct 13 (Reuters) - Avid Technology Inc AVID.O :
* AVID TECHNOLOGY ANNOUNCES AMENDED CREDIT FACILITY WHICH
PROVIDES
INCREMENTAL FLEXIBILITY TO SUPPORT ITS STRATEGY AND GROWTH PLANS
* AVID TECHNOLOGY INC - NEW FACILITY INCREASES REVOLVING
CREDIT
FACILITY FROM $70 MILLION TO $120 MILLION AND ADDS A $20 MILLION
INCREMENTAL TERM LOAN
* AVID TECHNOLOGY INC - NEW FACILITY DOES NOT RESULT IN ANY
CHANGES TO FINANCIAL COVENANTS, PRICING OR FEBRUARY 2027
MATURITY
Source text for Eikon: ID:nGNX7VPfgM
Further company coverage: AVID.O
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