Brief: Miller Industries,Units Enter Into Amended And Restated Loan Agreement With First Horizon Bank

Miller Industries

23/12/2020 22:53

Dec 23 (Reuters) - Miller Industries Inc  MLR.N :
    * MILLER INDUSTRIES INC - ON DEC 21, 2020, CO, CERTAIN OF
ITS
SUBSIDIARIES ENTERED INTO AN AMENDED AND RESTATED LOAN AGREEMENT
WITH FIRST HORIZON BANK
    * MILLER INDUSTRIES -CO, SUBSIDIARIES AMENDED, RESTATED
MASTER
REVOLVING CREDIT NOTE, DATED DEC 21, 2020, OF $50.0 MILLION,
MATURITY DATE OF MAY 31, 2027
    * MILLER INDUSTRIES -AMENDED LOAN AGREEMENT AMENDS, RENEW,
EXTEND
MATURITY DATE FROM MAY 31, 2022 TO MAY 31, 2027, MAKE CERTAIN
OTHER CONFORMING CHANGES
    * MILLER INDUSTRIES -AMENDED LOAN AGREEMENT AMENDS TANGIBLE
NET
WORTH COVENANT TO INCREASE MINIMUM REQUIRED COMPLIANCE LEVEL
THEREUNDER TO $190 MILLION
    * MILLER INDUSTRIES INC -AMENDED MASTER REVOLVING CREDIT
NOTE
AMENDS, EXTEND MATURITY DATE FROM MAY 31, 2022 TO MAY 31, 2027

Source : (https://bit.ly/2WUenKl)
Further company coverage:  MLR.N 

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