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Published on 11/21/2016 in the Prospect News Distressed Debt Daily.

Performance Sports results filing deadline extended through amendments

By Caroline Salls

Pittsburgh, Nov. 21 – Performance Sports Group Ltd. entered into amendments to its debtor-in-possession term loan and ABL credit agreements, according to an 8-K filed Monday with the Securities and Exchange Commission.

Under the DIP term loan and ABL amendments, the deadline for the company to file its financial statements with the administrative agent was extended to 30 days after the close of each of the first two monthly accounting periods in each fiscal quarter.

The deadline was previously 15 days after the close of the first two monthly accounting periods.

Performance is based in Exeter, N.H., and makes sports equipment and apparel. The company filed for bankruptcy on Oct. 31 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 16-12373.


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