UniTek forbearance amendments extend standstill periods to Sept. 23

By Caroline Salls

Pittsburgh, Sept. 4 – UniTek Global Services, Inc. entered into amendments to forbearance agreements with the lenders under its term credit agreement and revolving credit agreement that extends the forbearance standstill periods through Sept. 23, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The amendments also modify reporting obligations.

Cerberus Business Finance, LLC is the administrative agent on the term agreement, and Apollo Investment Corp. is the agent on the revolver.

UniTek is a Blue Bell, Pa.-based provider of engineering, construction management and installation fulfillment services to the telecommunications, broadband cable and satellite industries.

© 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.