Brief: Emmis Communications, units enter into fourth amendment to 2014 credit agreement

Emmis

24/04/2017 11:03

April 24 (Reuters) - Emmis Communications Corp  EMMS.O : 
    * Emmis Communications Corp says on April 18, co, units 
entered into a fourth amendment to 2014 credit agreement- SEC 
filing 
    * Emmis Communications Corp - fourth amendment eliminated 
maximum total leverage ratio covenant through May 31, 2018 
    * Emmis Communications Corp - fourth amendment and replaced 
maximum total leverage ratio covenant with a minimum 
consolidated EBITDA covenant of $20 million 
    * Emmis Communications - amendment required co to enter into 
definitive agreements by Jan 18, 2018 to sell assets generate at 
least $80 million of sale proceeds 
    * Emmis Communications Corp - fourth amendment accelerated 
maturity of term loans to April 18, 2019 and revolving loans to 
August 31, 2018 
 
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