RE:RE:RE:lenders to amend the three-year term credit facilityJiffBeasauce wrote: intristing, hopefully its a we dont need it situation. The fact they had to amend terms "The requirement for a minimum restricted cash balance has been removed" show that supreme could be low on cash and cash raise coming shortly? I guess If supreme can be profitable right away could run on tight budget in short term, we will find out soon...
Actually, the removing the restricted cash requirement means that they aren't worried about their being enough cash to make the payments. Generally, a bank makes a company restrict some cash to protect themselves. It makes more sense to remove the restriction now that the size of the facility has been reduced as well.
I would say that change is a net positive.