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BRIEF-Emmis Communications, units enter into fourth amendment to 2014 credit agreement
April 24, 2017 / 10:49 AM / 6 months ago

BRIEF-Emmis Communications, units enter into fourth amendment to 2014 credit agreement

April 24 (Reuters) - Emmis Communications Corp:

* Emmis Communications Corp says on April 18, co, units entered into a fourth amendment to 2014 credit agreement- SEC filing

* Emmis Communications Corp - fourth amendment eliminated maximum total leverage ratio covenant through May 31, 2018

* Emmis Communications Corp - fourth amendment and replaced maximum total leverage ratio covenant with a minimum consolidated EBITDA covenant of $20 million

* Emmis Communications - amendment required co to enter into definitive agreements by Jan 18, 2018 to sell assets generate at least $80 million of sale proceeds

* Emmis Communications Corp - fourth amendment accelerated maturity of term loans to April 18, 2019 and revolving loans to August 31, 2018 Source text: (bit.ly/2q6fNyK) Further company coverage:

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