SDA speedcast international limited

July 30 (Reuters) - SpeedCast International Ltd (SDA) :...

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    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
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.