March 16, 2017 / 2:01 PM / 5 months ago

BRIEF-Numerex Corp files for non-timely 10-K

March 16 (Reuters) - Numerex Corp

* Numerex Corp files for non-timely 10-K

* Numerex says delay in filing 10-K principally due to need to devote additional time & resources to renegotiating outstanding senior indebtedness

* Numerex says since early February 2017, management had been engaged in active negotiations to refinance the company's senior indebtedness

* Numerex says on March 14, 2017, despite its commitment, the potential lender informed management that it determined not to fund the loan

* Numerex - as of March 17, co will not be in compliance with some covenants in loan agreement, as amended, or as of December 31, 2016

* Numerex - Co's management in discussions with existing & potential financing sources to restructure its senior indebtedness, obtain alternative financing

* Numerex - will file the form 10-K as soon as practicable and within the 15 day extension period

* Numerex - Absent waiver of senior indebtedness before filing annual report, believes it will reclassify long-term debt as current liability as of Dec 31, 2016 Source text for Eikon: (bit.ly/2mxCp9X) Further company coverage:

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