I assume this is a comfort letter from the lender.
I wonder if the reason for this comfort letter is to update shareholders or for some other reason.
BREAKING DOWN 'Comfort Letter'
Comfort letters can be used by lenders, such as banks as
solvency opinions on whether a borrower can meet the payment obligations of a loan. They are opinions and are not guarantees that the underlying company will actually remain solvent.
Comfort letters can also be used by underwriters as their obligation to carry out "reasonable investigation" into
offerings of securities. These
letters of comfort will ensure that the reports provided conform to the generally accepted accounting
principals (GAAP). This helps the
underwriter better understand aspects of the financial data which might not otherwise be reported such as changes to
financial statements and unaudited financial reports
Read more:
Comfort Letter Definition | Investopedia http://www.investopedia.com/terms/c/comfort_letter.asp#ixzz4TEPXeju1