JWP Inc says it has reached agreement in principle with substantially all of its long-term note holders in its revolving bank credit agreement to obtain waivers at least until January 31 of its covenants contained in various loan agreements: the agreement accepts that no payments of principal will be made to its lenders during the […]
JWP Inc says it has reached agreement in principle with substantially all of its long-term note holders in its revolving bank credit agreement to obtain waivers at least until January 31 of its covenants contained in various loan agreements: the agreement accepts that no payments of principal will be made to its lenders during the waiver period, although interest would be paid currently; during the waiver period, JWP expects to negotiate modifications to loan pacts.
