March 7, 2017 / 2:27 PM / 5 months ago

BRIEF-Pareteum to restructure senior secured debt obligation

March 7 (Reuters) - Pareteum Corp

* Pareteum to restructure senior secured debt obligation, extending maturity date to December 31, 2018

* Pareteum Corp - entered into a letter agreement with Atalaya Capital Management to amend certain terms of credit agreement

* Pareteum Corp - proposed amendment also includes new quarterly amortization schedule and increases amount of common shares underlying warrants

* Pareteum Corp - amendment sets a new maturity date on $10.1 million of outstanding principal and premiums of amended and restated agreement of Dec 31, 2018 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below