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BRIEF-Fenix Parts provides update on Nasdaq listing and Forbearance Agreement
June 28, 2017 / 1:29 PM / 3 months ago

BRIEF-Fenix Parts provides update on Nasdaq listing and Forbearance Agreement

June 28 (Reuters) - Fenix Parts Inc

* Fenix Parts provides update on Nasdaq listing and Forbearance Agreement

* Fenix Parts Inc - Announced an amendment to Forbearance Agreement to credit facility with BMO Harris Bank N.A. and its Canadian Affiliate, Bank Of Montreal.

* Fenix Parts-Amended Forbearance Agreement also permits co to add qtrly interest payment otherwise due for Q2, to principal amount of debt outstanding

* Fenix Parts - Forbearance Agreement also permits co to defer a $250,000 principal payment that was due on June 30, 2017 to end of Forbearance period

* Fenix Parts Inc - Lenders have agreed to refrain from exercising rights and remedies under credit facility with respect to co’s non-compliance with applicable financial covenants Source text for Eikon: Further company coverage:

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