Brief: Nicholas Financial Inc - On December 6, Agent Wells Fargo Bank And Lenders Waived Event Of Default Under The Credit Agreement
12/12/2022 15:12
Dec 12 (Reuters) - Nicholas Financial Inc NICK.O :
* NICHOLAS FINANCIAL INC - ON DECEMBER 6, AGENT WELLS FARGO
BANK
AND LENDERS WAIVED EVENT OF DEFAULT UNDER THE CREDIT AGREEMENT
* NICHOLAS FINANCIAL INC - AS OF DEC. 6, CREDIT FACILITY
PROVIDED
UNDER CREDIT AGREEMENT WILL NO LONGER ACCRUE INTEREST AT DEFAULT
RATE
* NICHOLAS FINANCIAL INC - AMENDMENT REDUCED MAXIMUM AMOUNT
AVAILABLE UNDER CREDIT FACILITY FROM $175 MILLION TO $60 MILLION
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