UniTek forbearance amendments extend standstill periods until Oct. 2

By Caroline Salls

Pittsburgh, Sept. 24 – UniTek Global Services, Inc. entered into amendments to the forbearance agreements with its term loan and revolving credit facility lenders that extend standstill periods contained in the agreements through Oct. 2 from Sept. 23, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

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.

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