Brief: Sats Updates Revolving Credit Facility Agreement

Sats ASA

09/04/2021 11:51

April 9 (Reuters) - Sats ASA  SATSA.OL :
    * UPDATED REVOLVING CREDIT FACILITY (RCF) AGREEMENT
    * SIGNED NEW ADDENDUM TO RCF AGREEMENT WITH BANKS, TEMPORARILY WAIVING ORIGINAL COVENANTS
    * NEW FINANCIAL COVENANTS WILL COME INTO FORCE AND WILL BE APPLICABLE TO AND INCLUDING 30
SEPTEMBER 2022
    * NEW FINANCIAL COVENANTS SET OUT QUARTERLY MINIMUM LEVELS FOR LIQUIDITY AND ADJUSTED
EBITDA, WITH
LATTER ENTERING INTO FORCE FROM Q4 2021
    * WILL NOT DISTRIBUTE ANY DIVIDEND TO SHAREHOLDERS DURING AMENDMENT PERIOD
    * COVID-19 SITUATION HAS ALSO INTO FIRST MONTHS OF 2021 NEGATIVELY AFFECTED CO'S OPERATIONS;
AS
PER 9 APRIL, CO'S 139 OF 253 CLUBS ARE CLOSED

Source text for Eikon:  ID:nObimb6dla 
Further company coverage:  SATSA.OL 

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