BRIEF-LMI Aerospace terminates certain credit agreement in connection with consummation of Sonaca merger – Reuters

June 27 LMI Aerospace Inc:

* LMI Aerospace Inc says in connection with consummation of merger with Sonaca S.A, co terminated certain credit agreement, dated as of June 19, 2014

* LMI Aerospace Inc says outstanding borrowings under credit agreement were paid in full, collateral securing repayment of amounts due under credit agreement was released

* LMI Aerospace Inc says co caused to be irrevocably deposited with U.S. Bank national association, requisite funds to redeem 7.375% notes due 2019

* LMI Aerospace Inc says redemption payment included $224.2 million of outstanding principal, accrued unpaid interest, applicable redemption premium to redemption date

* LMI Aerospace Inc says notes, which bore interest at 7.375% per year, were scheduled to mature in june 2019 - SEC filing Source text: (bit.ly/2siJNbm) Further company coverage:

* Says there were four municipal credit defaults in calendar year 2016, all related to Puerto Rico with a total default volume of $22.6 billion

LONDON, June 27 U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash.

See the original post:

BRIEF-LMI Aerospace terminates certain credit agreement in connection with consummation of Sonaca merger - Reuters

Related Posts

Comments are closed.