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Article: Monarch Dental Reaches Preliminary Agreement With Lenders.
- Article from:
- PR Newswire
- Article date:
- April 17, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, April 17 /PRNewswire/ --
Monarch Dental Corporation (Nasdaq: MDDS) today announced that it has entered into a preliminary agreement with its lenders specifying the terms upon which they have agreed to extend the term of its existing credit facility. The agreement extends the maturity of $80,150,000 to July 1, 2002. This agreement is subject to final bank approval and the negotiation and execution of definitive documentation encompassing the terms set forth in this preliminary, non-binding agreement. Upon the execution of the definitive documentation, Monarch Dental will cease to be in default under its loan agreement. Monarch Dental also announced ...