Brief: Emmis Communications says increased credit agreement's leverage ratio

Emmis

30/04/2015 21:42

April 30 (Reuters) - Emmis Communications Corp  EMMS.O : 
 * Entered second amendment to credit agreement between co, its units, and 
   certain lenders - SEC filing 
 * Amendment increases maximum total leverage ratio to 6.75:1.00 during period 
   from may 31, 2015 through February 29, 2016 
 * Amendment requires borrower to pay fee of 0.50% of term loan,revolving 
   commitment of each lender that consented to amendment 
 
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