July 30 (Reuters) - SpeedCast International Ltd (SDA) :
- SPEEDCAST ENHANCES DEBT FUNDING STRUCTURE
- RECEIVED CONSENT FROM REVOLVING CREDIT FACILITY LENDERS TO AMEND FINANCIAL COVENANT APPLICABLE UNDER SENIOR SECURED FACILITY
- AMENDMENT INCREASES MAX NET LEVERAGE RATIO FROM 4.0X TO 4.5X, FOR PERIOD ENDING 31 DEC2019 THROUGH 31 DEC 2020
- WHILE CO DOES NOT EXPECT ITS NET LEVERAGE RATIO TO REDUCE IN 2019, IT IS A KEY MANAGEMENT PRIORITY TO REDUCE IT IN 2020
- BOARD REMAINS CONFIDENT THAT SPEEDCAST'S NET LEVERAGE RATIO WILL BE BELOW 4.0X AT END OF 2019
July 30 (Reuters) - SpeedCast International Ltd (SDA) :...
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