Following health and wellness company Ascendis Health’s decision to further extend an interim stability agreement and find a more permanent structure for its existing debt facilities through its lender consortium, the company has, as of June 8, concluded agreements with its lender consortium to restructure its existing debt facilities and provide for the advance of new debt facilities. Ascendis and its lenders have mutually agreed to extend the repayment obligations on its debt facility to December 2021, with no payments required in advance of that date, other than any excess cash which will be swept to the lenders.
from Engineering News | Home https://ift.tt/2YfP7y2
