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Article: Highland Distressed Opportunities, Inc. Announces Amendment of Credit Facility.
- Article from:
- Investment Weekly News
- Article date:
- May 9, 2009
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Highland Distressed Opportunities, Inc. (the "Company") (NYSE: HCD) announced that on April 14, 2009, the Company executed Amendment No. 2 (the "Amendment") to the Revolving Credit and Security Agreement (the "Credit Agreement") with Liberty Street Funding LLC, as conduit lender, and The Bank of Nova Scotia, acting through its New York agency, as secondary lender and agent. Under the Amendment, the maximum amount the Company may borrow on a revolving basis was reduced from $60 million to $10 million. The Amendment was entered into at the Company's request and will reduce the commitment fee payable by the Company. The amount the Company may borrow is subject to the ...
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