Brief: Hurco Companies Entered Into An Amendment To The Credit Agreement Among Co And Its Unit, Dated As Of December 31, 2018

Hurco Companies

13/03/2020 14:43

March 13 (Reuters) - Hurco Companies Inc  HURC.O :
    * HURCO COMPANIES - ENTERED INTO AN AMENDMENT TO THE CREDIT
AGREEMENT AMONG CO AND ITS UNIT, DATED AS OF DECEMBER 31, 2018
    * HURCO COMPANIES - AMENDMENT AMENDS 2018 CREDIT AGREEMENT
TO
PROVIDE ADDITIONAL EXCEPTION TO THE LIMITATION ON CO’S ABILITY
TO MAKE RESTRICTED PAYMENTS
    * HURCO COMPANIES - NEW EXCEPTION PERMITS CO TO REPURCHASE
ITS
SHARES AS LONG AS CO IS NOT IN DEFAULT BEFORE & AFTER GIVING
EFFECT TO SUCH REPURCHASES
    * HURCO COMPANIES - NEW EXCEPTION ALSO PERMITS CO TO
REPURCHASE
ITS SHARES TILL PAYMENTS MADE FOR ALL SUCH REPURCHASES DURING FY
DOES NOT EXCEED $10 MILLION
    * HURCO COMPANIES - AMENDMENT ALSO ADDS TO THE CREDIT
AGREEMENT
CUSTOMARY LANGUAGE RELATED TO THE QFC STAY RULES

Source: (http://bit.ly/3cYR6gK)
Further company coverage:  HURC.O 

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