Brief: Clean Diesel Tech enters into letter agreement with lender Kanis SA
13/11/2014 13:17
Nov 13 (Reuters) - Clean Diesel Technologies Inc CDTI.O : * Entered into letter agreement with principal lender kanis sa, whereby kanis sa agreed to amend terms of outstanding loans * Maturity date on outstanding 8% shareholder note due June 30, 2015 of $1.5 million extended to October 1, 2016 -SEC filing * Maturity date on outstanding 8% subordinated convertible note due April 11, 2016 of $3 million extended to October 1, 2016 * Maturity date on outstanding 8% shareholder note due on July 27, 2015 in amount of $3 million extended to October 1, 2016 * Agreed to grant to kanis s.a. warrants to purchase up to 80,000 shares at exercise price of $1.75 for 5-year period * Source text for Eikon ID:nEOL6bNdR2 * Further company coverage CDTI.O ((Bangalore Newsroom; +1 646 223 8780))