debt
confidence high
sentiment neutral
materiality 0.50
Manhattan Bridge amends credit agreement, lowers change-of-control threshold to 20%
MANHATTAN BRIDGE CAPITAL, INC
- Amendment reduces Mr. Ran's required ownership to avoid Change of Control from 27% to 20% (fully diluted).
- Parties: Webster Business Credit, Flushing Bank, Mizrahi Tefahot Bank, and Assaf Ran as guarantor.
- Amendment dated July 2, 2021; filed July 6, 2021 under Items 1.01 and 2.03.