Brief: Virco Mfg Corp On May 19 Co's, Unit Entered Into Amendment No. 3 To Amended And Restated Revolving Credit And Security Agreement

Virco Mfg

22/05/2023 11:18

May 22 (Reuters) - Virco Mfg Corp  VIRC.O :
    * VIRCO MFG CORP - ON MAY 19 CO, UNIT ENTERED INTO AMENDMENT
NO. 3
TO AMENDED AND RESTATED REVOLVING CREDIT AND SECURITY AGREEMENT
    * VIRCO MFG CORP - AMENDMENT NO. 3 AMENDED THE AMENDED AND
RESTATED REVOLVING CREDIT AND SECURITY AGREEMENT, DATED
SEPTEMBER 28, 2021
    * VIRCO MFG CORP - MAXIMUM SIZE OF REVOLVING CREDIT FACILITY
HAS
BEEN INCREASED TO $72,500,000 DURING THE MONTHS OF JUNE THROUGH
AUGUST OF 2023
    * VIRCO MFG CORP - INCREASE IN TOTAL INVENTORY SUBLIMIT
UNDER
CREDIT AGREEMENT TO $35,000,000
    * VIRCO MFG CORP - INCREASE IN THE ATS INVENTORY SUBLIMIT TO
$15,000,000 DURING THE MONTHS OF MAY THROUGH AUGUST OF 2023

Source text: [ID:http://ml6.in/CIbsf]
Further company coverage:  VIRC.O 

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