Emmis amends loan terms, pushing up leverage ratio test to month-end

By Susanna Moon

Chicago, Aug. 30 - Emmis Communications Corp. amended its senior secured credit facility, pushing up testing of the total leverage ratio to Aug. 31 from Nov. 30, according to an 8-K filing with the Securities and Exchange Commission.

The company also amended the credit terms to end testing minimum consolidated EBITDA as of May 31, rather than Aug. 31.

The credit terms were amended Thursday with Bank of America, NA as administrative agent.

Emmis is an Indianapolis-based diversified media company.

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