debt
confidence high
sentiment negative
materiality 0.70
CareMax enters Fourth Amendment to credit agreement; obtains temporary waiver of defaults through June 17, 2024
CareMax, Inc.
- Limited Waiver and Fourth Amendment extends waiver of certain events of default until June 17, 2024.
- Minimum liquidity covenant reduced to $10 million during the Temporary Waiver Period.
- Amendment involves Jefferies Finance, BlackRock Financial Management, and Crestline Direct Finance as lenders.
- Earlier termination of waiver upon occurrence of specified events.