Concurrent Computer Corp issued warrants for the purchase of 600,000 common shares at current market price to its lenders in connection with changes to its domestic bank debt agreements. The modified agreements revise financial covenant requirements for its current fiscal year, and extend its debt repayments due April 1, September 30 and December 31, 1994. […]
Concurrent Computer Corp issued warrants for the purchase of 600,000 common shares at current market price to its lenders in connection with changes to its domestic bank debt agreements. The modified agreements revise financial covenant requirements for its current fiscal year, and extend its debt repayments due April 1, September 30 and December 31, 1994. It sought the modifications after it found in January that it would be unable to meet its obligations under the then existing covenants.
