Brief: Progress Software - While Svb Is One Of Lenders Under Co's Third Amended, Restated Credit Agreement, Svb Has No Outstanding Funding Obligations To Co

Progress Software

13/03/2023 21:07

March 13 (Reuters) - Progress Software Corp  PRGS.O :
    * PROGRESS SOFTWARE  - WHILE SVB IS ONE OF LENDERS UNDER
CO'S
THIRD AMENDED, RESTATED CREDIT AGREEMENT, SVB HAS NO OUTSTANDING
FUNDING OBLIGATIONS TO CO
    * PROGRESS SOFTWARE - BELIEVES LIQUIDITY CONCERNS AT SVB
WILL NOT
CAUSE ANY DISRUPTION TO BUSINESS, OPERATIONS, ACCESS TO CAPITAL
OR LIQUIDITY

Source text: [ID:https://tinyurl.com/4e3zefxr]
Further company coverage:  PRGS.O 

 ((Reuters.Briefs@thomsonreuters.com;))