Wyse Technology Inc, which was in violation of its loan covenants with its principal lenders as at March 31, has obtained the waivers necessary to allow it to continue in business, and its lenders have made available the $20m outstanding under the agreement until June 30: the San Jose company says it expects the amount […]
Wyse Technology Inc, which was in violation of its loan covenants with its principal lenders as at March 31, has obtained the waivers necessary to allow it to continue in business, and its lenders have made available the $20m outstanding under the agreement until June 30: the San Jose company says it expects the amount to be sufficient to meet its anticipated cash needs for that period and will secure the loaned funds with accounts receivable and with some other assets.
