William Lyon amends revolver, extending tenor

By Sara Rosenberg

New York, Aug. 15 - William Lyon Homes Inc. amended its revolving credit facility, extending the maturity to July 10, 2008, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

In addition, the amendment revised the minimum liquidity covenant to $20 million, of which no less than $10 million can consist of aggregate unpledged, unreserved and unrestricted cash and cash equivalent investments.

California National Bank is the revolver lender.

The amendment was completed on Aug. 6.

William Lyon is a Newport Beach, Calif., single-family homebuilder.

© 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.