debt
confidence high
sentiment neutral
materiality 0.60
Digerati extends MEOA merger outside closing date to May 31 via seventh credit amendment
Digerati Technologies, Inc.
- Seventh Amendment extends MEOA Merger Outside Closing Date from April 28 to May 31, 2023.
- Post Road defers cash interest due April 3 and May 1 to June 1, 2023; principal ~$34.5M.
- Amendment fee of 0.4% (~$138K) capitalized and added to Term Loan A and C principal.
- New negative covenant on material nonpublic information (MNPI) added to credit agreement.