BLA blue sky alternative investments limited
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News: BLA Blue Sky Alternative Investments Updates On Covenants Under Convertible Note Facility

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    09/05/19
    11:30
    Post #: 38484514

    May 9 (Reuters) - Blue Sky Alternative Investments Ltd (BLA) :

    • UPDATES ON COVENANTS UNDER CONVERTIBLE NOTE FACILITY WITH OAKTREE CAPITAL MANAGEMENT, L.P.
    • REVIEW CONFIRMED THAT CO WAS IN BREACH OF MINIMUM RECURRING CASH EBITDA COVENANT AS AT MARCH 31, 2019
    • IN DISCUSSIONS WITH OAKTREE TO VARY/RESTRUCTURE COVENANTS AND NO AGREEMENT HAS BEEN REACHED AT THIS STAGE
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