Brief: Daktronics Inc Says On May 11 Entered Into Credit Agreement With JPMorgan Chase Bank, N.A

Daktronics

11/05/2023 22:25

May 11 (Reuters) - Daktronics Inc  DAKT.O :
    * DAKTRONICS INC - ON MAY 11 ENTERED INTO CREDIT AGREEMENT
WITH
JPMORGAN CHASE BANK, N.A
    * DAKTRONICS INC - CREDIT AGREEMENT PROVIDES FOR A $60
MILLION
SENIOR SECURED ASSET-BASED REVOLVING CREDIT FACILITY AND A
DELAYED DRAW TERM LOAN COMMITMENT
    * DAKTRONICS: TO SELL TO ALTA FOX OPPORTUNITIES FUND ITS
SENIOR
SECURED CONVERTIBLE NOTES IN EXCHANGE FOR PAYMENT BY ALTA FOX
OPPORTUNITIES OF $25 MILLION

Further company coverage:  DAKT.O 

 ((Reuters.Briefs@thomsonreuters.com;))