Edition:
India

Supreme Cannabis Amends Credit Facility


Tuesday, 22 Sep 2020 

Sept 21 (Reuters) - Supreme Cannabis Company Inc ::SUPREME CANNABIS AMENDS CREDIT FACILITY.SUPREME CANNABIS - AGREED TO A 75 BASIS POINT INCREASE IN APPLICABLE INTEREST RATE MARGIN ON CREDIT FACILITY TO REFLECT CURRENT INDUSTRY DYNAMICS.SUPREME CANNABIS-SECURED DEFERRAL OF FINANCIAL COVENANTS RELATED TO FIXED CHARGE COVERAGE RATIO, LEVERAGE BY 12 MONTHS TO BEGIN QUARTER ENDING MARCH 2022.SUPREME CANNABIS COMPANY INC - NEW COVENANTS REGARDING MINIMUM LIQUIDITY AND EBITDA WILL BE TESTED IN INTERIM.