TLC Vision extends credit facility limited waiver until June 30

By Sara Rosenberg

New York, June 9 - TLC Vision Corp. extended the limited waiver of defaults under its credit facility to June 30, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The waiver also consents to the dissolution of certain inactive subsidiaries and requires a payment to the lenders on the day following the waiver period of $1.434 million.

The extension was obtained on June 5.

CIT is the administrative agent on the deal.

TLC Vision is a Mississauga, Ont.-based eye care services company.

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