GREY:NKRSF - Post by User
Comment by
deismanon Nov 01, 2015 1:43am
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Post# 24247788
RE:Extension Agreement
RE:Extension AgreementIsn't the sedar posting refering to the Oct 21 agreement to extend date to Oct 30? I believe the Nov 15 date refers to the 7% note and Diamond restrictions?
Extension of the waiver of certain financial covenants and undertakings until October 30, 2015;
Restrictions until November 15, 2015 on any interest or other payments under the indenture governing the
Company’s 7% senior unsecured convertible notes due December 31, 2017 (the “Notes”), and under the terms
of the agreement entered into with Diamond Offshore (the “Diamond Settlement Agreement”); and
Agreement from the lenders not to act until after October 30, 2015 on any rights or remedies arising directly
from the failure by the Company to make interest payments due on the term loan on September 23, 2015.