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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > News before Oct 11?
View:
Post by ZouZS3 on Oct 04, 2022 11:48am

News before Oct 11?

In the context of the ongoing discussions with NBC and in order to ensure that the Debtors would continue to have access to their banking facilities, the tolerance period under the NBC Forbearance Agreement was extended to October 11, 2022 (subject to further extensions as may be agreed to by the parties), pursuant to the terms of a First Amendment to the NBC Forbearance Agreement dated September 28, 2022.
Comment by ZouZS3 on Oct 04, 2022 3:41pm
What do you think this means Ferret? Ensure they continue to have access to their banking facilities, tolerance extended to Oct 11 & subject to further extensions.