Homeland Security Capital extends forbearance agreement with YA Global

Agreement now expires on Sept. 14 or when a termination event occurs

By Devika Patel

Knoxville, Tenn., Sept. 9 - Homeland Security Capital Corp. extended its forbearance agreement with investor YA Global Investments, LP on Sept. 7, according to an 8-K filed Friday with the Securities and Exchange Commission. The agreement was negotiated on July 29.

Under the agreement, YA Global had agreed to forbear from exercising its rights in regards to a default that may have occurred when the company failed to pay the principal and interest due on its debt at maturity. The amendment extends the term of the forbearance agreement to the earlier of Sept. 14 and the occurrence of a termination event.

Based in Arlington, Va., Homeland Security invests in homeland security companies.

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