Central Parking amends credit facility, revising financial covenant

By Sara Rosenberg

New York, Jan. 13 - Central Parking System Inc. amended its credit facility, modifying the financial covenant for the quarter ended Dec. 31 through 2012, according to a news release.

The amendment is effective as of Dec. 24.

"This amendment gives us plenty of additional runway to navigate the current environment and provides the core financing we need to take advantage of the markets as they begin to rebound," said Emanuel J. Eads, president and chief executive officer, in the release.

"We are actively seeking to leverage our expertise to expand the business, and the flexibility that this amendment provides will help facilitate those efforts," Eads added.

Central Parking is a Nashville, Tenn.-based parking management company.

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