Perma-Fix amends PNC credit agreement; waives Q4 2021 covenant breach, eases FCCR testing

PERMA FIX ENVIRONMENTAL SERVICES INC

Waived Q4 2021 fixed charge coverage ratio (FCCR) covenant breach; removes FCCR testing for Q1 2022.
Reinstates FCCR testing from Q2 2022 with revised methodology; minimum 1.15:1 ratio unchanged.
Requires minimum $3M borrowing availability under revolver until Q2 2022 FCCR compliance is certified.
Facility fee rate on revolver increased from 0.375% to 0.500%; reverts to 0.375% upon FCCR compliance.
Company paid a $15,000 fee in connection with the amendment; other terms of loan agreement unchanged.

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