Brief: Franklin Covey Co Says On July 8, Entered Into First Modification Agreement To Its Existing Secured Credit Agreement

Franklin Covey

10/07/2020 17:59

July 10 (Reuters) - Franklin Covey Co  FC.N :
    * FRANKLIN COVEY CO - ON JULY 8, ENTERED INTO FIRST
MODIFICATION
AGREEMENT TO ITS EXISTING SECURED CREDIT AGREEMENT
    * FRANKLIN COVEY - MAIN PURPOSE OF MODIFICATION AGREEMENT IS
TO
PROVIDE ALTERNATIVE BORROWING COVENANTS FOR QTRS ENDING AUG 31
THROUGH MAY 31, 2021
    * FRANKLIN COVEY - AS PART OF NEW COVENANTS, SHALL MAINTAIN
CONSOLIDATED MINIMUM LIQUIDITY OF NOT LESS THAN $13.0 MILLION
FROM AUG 31 THROUGH FEB 28, 2021
    * FRANKLIN COVEY - AS PART OF NEW COVENANTS, SHALL MAINTAIN
CONSOLIDATED MINIMUM LIQUIDITY OF NOT LESS THAN $8.0 MILLION AT
MAY 31, 2021

Source text: [https://bit.ly/2W8q93x]
Further company coverage:  FC.N 

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