BRIEF-Avid Technology says On May 10, Unit Entered Into Fourth Amendment To Existing Agreement

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BRIEF-Avid Technology says On May 10, Unit Entered Into Fourth Amendment To Existing Agreement


May 15 (Reuters) – Avid Technology Inc:

* AVID TECHNOLOGY INC – ON MAY 10, UNIT ENTERED INTO A FOURTH AMENDMENT TO EXISTING AGREEMENT, DATED FEBRUARY 26, 2016 – SEC FILING

* AVID TECHNOLOGY INC – FOURTH AMENDMENT EXTENDS MATURITY OF CURRENT TERM LOAN UNDER FINANCING AGREEMENT TO MAY 10, 2023

* AVID TECHNOLOGY INC – AMENDMENT INCREASES AMOUNT OF TERM LOAN FACILITY FROM $105 MILLION TO $127.5 MILLION

* AVID TECHNOLOGY INC – FOURTH AMENDMENT ALSO MODIFIES SCHEDULE FOR REQUIRED REPAYMENTS OF TERM LOAN

* AVID TECHNOLOGY INC – FOURTH AMENDMENT ALSO INCREASES AMOUNT OF CONVERTIBLE NOTES COMPANY MAY PURCHASE FROM $15 MILLION TO $40 MILLION Source bit.ly/2wJqoYN Further company coverage:



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