Brief: Ipic Entertainment says In Active Talks With RSA On Credit Facility

iPic Entertainment

26/07/2019 22:59

July 27 (Reuters) - Ipic Entertainment Inc  IPIC.O :
    * IPIC ENTERTAINMENT - REMAIN IN ACTIVE DISCUSSIONS WITH RSA
& 
ITS ADVISORS REGARDING AVAILABILITY OF UNDRAWN PRINCIPAL BALANCE
UNDER CREDIT FACILITY
    * CAN PROVIDE NO ASSURANCE THAT RSA WILL NOT DECLARE AN
EVENT OF
DEFAULT UNDER  CREDIT FACILITY.
    * DO NOT HAVE ADEQUATE CASH ON HAND OR OTHER AVAILABLE
ASSETS TO
REPAY OUR OUTSTANDING INDEBTEDNESS
    * IF UNABLE TO RESTRUCTURE OUTSTANDING INDEBTEDNESS, LACK OF
LIQUIDITY WILL HAVE EFFECT ON ABILITY TO CONTINUE AS GOING
CONCERN.
    * MAY ELECT TO IMPLEMENT A RESTRUCTURING OR A STRATEGIC
ALTERNATIVE THROUGH CHAPTER 11
    * ENGAGED FINANCIAL AND LEGAL ADVISORS TO ASSIST CO IN
ANALYZING
VARIOUS STRATEGIC FINANCIAL ALTERNATIVES - SEC FILING

Source: (http://bit.ly/2Mlskwz)
Further company coverage:  IPIC.O 

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