Brief: Hurco Companies Inc Says Effective As Of Dec 17, Co, Bank Of America, N.A., Certain Units Of Co Entered Into Third Amendment To Credit Agreement

Hurco Companies

23/12/2021 17:46

Dec 23 (Reuters) - Hurco Companies Inc  HURC.O :
    * HURCO COMPANIES INC - EFFECTIVE AS OF DEC 17, CO, BANK OF
AMERICA, N.A., CERTAIN UNITS OF CO ENTERED INTO THIRD AMENDMENT
TO CREDIT AGREEMENT
    * HURCO COMPANIES INC - THIRD AMENDMENT EXTENDED SCHEDULED
MATURITY DATE UNDER CREDIT AGREEMENT FROM DECEMBER 31, 2021 TO
DECEMBER 31, 2023
    * HURCO COMPANIES INC - THIRD AMENDMENT INCREASED MINIMUM
TANGIBLE
NET WORTH REQUIREMENT IN CREDIT AGREEMENT FROM $170.0 MILLION TO
APPROXIMATELY $176.5 MILLION
    * HURCO COMPANIES INC - THIRD AMENDMENT ELIMINATED SPRINGING
LIQUIDITY COVENANT

Further company coverage:  HURC.O 

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