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Spark Networks extends forbearance on $100 million loan to Aug. 11
By Wendy Van Sickle
Columbus, Ohio, Aug. 7 – Spark Networks SE extended the termination date of its forbearance period under its $100 million term loan agreement with MGG Investment Group LP as administrative agent to Aug. 11 from Aug. 4, according to an 8-K filing with the Securities and Exchange Commission.
Spark originally entered the forbearance agreement, which granted forbearance with respect to the company’s receipt of a going-concern opinion on the condition that Spark retain a financial adviser, on March 29 with an original termination date of May 15. The termination date has been extended several times since then.
Spark is a Beverly Hills, Calif.-based online personals services provider.
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