Brief: Core Laboratories NV Says Amended Credit Facility Dated As Of June 19, 2018

Core Laboratories

23/06/2020 23:39

June 23 (Reuters) - Core Laboratories NV  CLB.N :
    * CORE LABORATORIES NV - AMENDED CREDIT FACILITY DATED AS OF
JUNE
19, 2018
    * CORE LABORATORIES NV - AMENDMENT PROVIDED INCREASE TO
MAXIMUM
LEVERAGE RATIO PERMITTED FOR CERTAIN PERIODS
    * CORE LABORATORIES NV - AGGREGATE BORROWING COMMITMENT
UNDER
FACILITY WAS REDUCED TO $225 MILLION
    * CORE LABORATORIES NV - AMOUNT BY WHICH CO MAY ELECT TO
INCREASE
FACILITY SIZE WAS REDUCED FROM $100 MILLION TO $50 MILLION
    * CORE LABORATORIES NV - FURTHER EXPANSION OF COST REDUCTION
INITIATIVES
    * CORE LABORATORIES NV - EXPECTS TO ACHIEVE ABOUT $61
MILLION OF
COST SAVINGS ON ANNUALIZED BASIS
    * CORE LABORATORIES NV - EXPANDED COST SAVINGS PLAN WILL BE
SUBSTANTIALLY IMPLEMENTED BY Q2 END

Source: https://bit.ly/2NnWv5B
Further company coverage:  CLB.N 

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