GREY:XEBEQ - Post by User
Post by
TheCount11on Sep 29, 2022 9:22am
395 Views
Post# 34994439
management on forbearance last CC
management on forbearance last CCCan you elaborate a bit more on the one of the credit facilities currently being in forbearance?
Stphane Archambault
Yes, absolutely. This is, this is a temporary thing. We did, we did breach one of the covenant. And that's why we, we had to have that four page letter. We came up with an agreement with the bank, and we're monitoring the situation. So that's the that's the situation right now. And as I said, and then as I pointed out, I mean, we can definitely reinstitute that with no problem as we fix the ratio.
___________________________________
WTF!?!? No details...