Brief: Nicholas Financial amends existing $225.0 million credit facility

Old Market Capital

01/08/2017 15:44

Aug 1 (Reuters) - Nicholas Financial Inc  NICK.O : 
    * Says on JULY 28, executed an amendment effective June 30, 
to its existing $225.0 million credit facility - SEC filing 
    * Says amendment exempts co from compliance with interest 
coverage ratio requirements 
    * Says requirements imposed by related loan agreement with 
respect to four-quarter period ended June 30 
    * Says under amendment, interest rate for borrowings under 
credit facility will remain at 2.50 percent for base rate 
revolving loans 
    * Says under amendment, interest rate for borrowings under 
credit facility will remain at 3.50 percent for LIBOR rate 
revolving loans 
 
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