Brief: Ipic Entertainment Says Its Units Entered Second Amended, Restated Loan Agreement

iPic Entertainment

01/02/2018 22:21

Feb 1 (Reuters) - Ipic Entertainment Inc  IPIC.O : 
    * IPIC ENTERTAINMENT - IPIC-GOLD CLASS ENTERTAINMENT,IPIC 
GOLD 
CLASS HOLDINGS,EACH OF ITS UNITS ENTERED SECOND AMENDED, 
RESTATED LOAN AGREEMENT 
    * IPIC - SECOND AMENDED, RESTATED LOAN AGREEMENT SECURED BY 
FIRST 
PRIORITY SECURITY INTEREST IN ALL ASSETS OF IPIC-GOLD CLASS 
ENTERTAINMENT LLC (IGCE), ITS UNITS 
    * IPIC ENTERTAINMENT SAYS PURSUANT TO SECOND AMENDED, 
RESTATED 
LOAN AGREEMENT, LENDERS COMMITTED TO LEND TO IGCE FUNDS UP TO 
$225.9 MILLION - SEC FILING 
    * IPIC ENTERTAINMENT - BORROWINGS UNDER LOAN FACILITY ARE 
MADE 
UNDER ONE OF THREE TRANCHES (TRANCHE 1, TRANCHE 2 OR TRANCHE 3) 
    * IPIC ENTERTAINMENT - AS OF DATE, TRANCHE 1 COMMITMENT 
AMOUNT OF 
$15.8 MILLION & TRANCHE 2 COMMITMENT AMOUNT OF $24 MILLION HAVE 
BEEN FULLY BORROWED AGAINST 
    * IPIC ENTERTAINMENT - AS OF DATE, TRANCHE 3 COMMITMENT 
AMOUNT OF 
$186 MILLION HAS BEEN BORROWED AGAINST IN AN AMOUNT EQUAL TO 
$120.8 MILLION 
 
Source text: [http://bit.ly/2ntvUrn] 
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