Wheeling Island amends loan to change leverage ratio requirements

By Sara Rosenberg

New York, June 9 - Wheeling Island Gaming Inc. amended its credit facility, changing the leverage ratio requirement, according to an 8-K filed with the Securities and Exchange Commission Thursday.

Under the amendment, the company is required to maintain s maximum leverage ratio of 3.10:1.00 for the fiscal quarters ending July 3 through and including Dec. 31 and 2.75:1.00 for April 3, 2006 and thereafter.

The amendment was completed on June 7.

Bank of America is the administrative agent on the deal.

Wheeling Island Gaming is a Wheeling, W.Va.-based gaming and entertainment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.