debt
confidence high
sentiment neutral
materiality 0.55
Reservoir Media ups revolving credit facility by $100M to $550M
Reservoir Media, Inc.
- Revolving commitment increased from $450M to $550M via Third Amendment.
- Consolidated net senior debt to music library ratio adjusted from 30% to 37.5%.
- Accordion feature reset to $150M incremental borrowing capacity.
- Non-wholly-owned foreign subsidiaries excluded from guarantee requirements.
- No Default or Event of Default exists after amendment effectiveness.
item 1.01item 9.01