Brief: Revasum Posts SQN Financing Facility Update

Revasum

02/09/2022 09:28

Sept 2 (Reuters) - Revasum Inc  RVS.AX :
    * SQN FINANCING FACILITY UPDATE-RVS.AX
    * CO HAS NOT MET CERTAIN FINANCIAL COVENANTS UNDER ITS
GROWTH
CAPITAL FACILITY DEAL
    * EVENT OF DEFAULT OCCURRED UNDER GROWTH CAPITAL FACILITY,
CO IS
IN ONGOING DISCUSSIONS WITH SQN WITH RESPECT TO A PATH FORWARD
    * HAS NOTIFIED SQN OF ITS NON-COMPLIANCE WITH RESPECT TO
MINIMUM
RUNWAY COVENANT UNDER GROWTH CAPITAL FACILITY

Source text for Eikon:  ID:nASX2BHNPm 
Further company coverage:  RVS.AX 

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