Brief: Xtera Communications names new CFO

Xtera Communications

03/05/2016 11:14

May 3 (Reuters) - Xtera Communications Inc  XCOM.O  
    * On April 27, co, Azea Networks, Neovus, Xtera Asia 
Holdings, Llc entered into limited waiver,third amendment to 
loan agreement 
    * Amendment provides limited waiver for failing to comply 
with financial covenants for periods ending Jan 31 and Feb. 29, 
2016 
    * Amendment implements certain limitations on cash company 
may maintain in foreign bank accounts 
    * Amendment extends maturity date of credit agreement to 
July 31, 2016 
    * Amendment modifies co's financial covenant with respect to 
liquidity and requires co to pursue certain fundraising 
alternatives 
    * Amendment modifies certain reporting requirements 
    * Amendment limits payment on company's subordinated debt 
    * Appointment of Joseph R. Chinnici as executive vice 
president and chief financial officer 
 
Source text for Eikon: (http://1.usa.gov/1QQn7Uq) 
Further company coverage:  XCOM.O  
 
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