UniTek gets forbearance amendments, extends standstill periods again

By Susanna Moon

Chicago, Oct. 10 – UniTek Global Services, Inc. again entered into amendments to the forbearance agreements with its term loan and revolving credit facility lenders, according to an 8-K filed Friday with the Securities and Exchange Commission.

The standstill periods contained in the agreements were extended this time through Oct. 23 from Oct. 9. The standstill periods were previously set to end Oct. 2 and, before that, Sept. 23.

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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