Brief: Innovate Corp Enters Into Fourth Amendment To Credit Agreement

Innovate

25/04/2023 22:53

April 25 (Reuters) - Innovate Corp  VATE.N :
    * INNOVATE CORP - ENTERED INTO A FOURTH AMENDMENT TO CREDIT
AGREEMENT, DATED MARCH 13, 2020, WITH MSD PCOF PARTNERS IX, LLC
    * INNOVATE CORP - AMENDMENT EXTENDS MATURITY DATE OF
REVOLVING
CREDIT FACILITY TO MARCH 16, 2025
    * INNOVATE - AMENDMENT LOWERS AMOUNT OF NET CASH PROCEEDS
FROM
CERTAIN ASSETS SALES IN EXCESS OF WHICH A PREPAYMENT IS REQUIRED
FROM $50 MILLION TO $10 MILLION

Source: (https://shorturl.at/aqyGI)
Further company coverage:  VATE.N 

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