Brief: Groupon Inc - On March 13, Entered Into An Amendment To Its Existing Credit Agreement

Groupon

15/03/2023 12:55

March 15 (Reuters) - Groupon Inc  GRPN.O :
    * GROUPON INC - ON MARCH 13, ENTERED INTO AN AMENDMENT TO
ITS
EXISTING CREDIT AGREEMENT
    * GROUPON INC - AMENDMENT MODIFIES EXISTING CREDIT AGREEMENT
BY
REDUCING CO'S SENIOR SECURED REVOLVING LINE OF CREDIT FROM $150
MILLION TO $75 MILLION
    * GROUPON INC - AS OF DEC 31, 2022, CO HAD $75 MILLION OF
BORROWINGS AND $24.9 MILLION OF LETTERS OF CREDIT OUTSTANDING
UNDER EXISTING CREDIT AGREEMENT
    * GROUPON INC - REPAID $25 MILLION OF THE OUTSTANDING
AMOUNTS IN
CONNECTION WITH AMENDMENT

Further company coverage:  GRPN.O 

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