Looking for an agreement? Search from over 1 million agreements now.

Amending The Company's Loan And Security Agreement

This is an actual contract by AM Communications.

Save time and money with our Premium Packages.
Buy all (8) recommended agreements for
$140.00 (50% savings)
Agreement Preview
Sectors: Telecommunications
Effective Date: March 31, 2003
Search This Document
AM Communications, Inc. 1900 AM Drive Quakertown, PA 18951-2107 [LOGO] --------------------------------------------------------------------------------


Press Release


AM's Investor Relations Contact:
Christine Mascaro
Phone: 215-538-8700
Fax: 215-538-8779
cmascaro@amcomm.com


AM Communications Expands Financing Facilities
Amending the Company's Loan and Security Agreement with the Current Lender


--------------------------------------------------------------------------------


Quakertown, Pennsylvania (March 27, 2003) -- AM Communications, Inc. (OTC Bulletin Board: AMCM) announced today that it has amended the terms of its revolving credit line and term loan facilities with its current lender, LaSalle Business Credit, LLC. Under the amended terms, the Company will be able to borrow up to a total of $16.95 million subject to the conditions of the revolving credit line and the term loans that are part of the facilities.


In addition, the Company simultaneously obtained $2.5 million of financing in the form of a term loan from Chatham Investment Fund I LLC. The Company also has the option until December 31, 2003, to obtain an additional $2.0 million term loan, subject to compliance with certain conditions, including meeting certain performance milestones. The Company does not present
-- End of Preview --
Home| About Us| FAQ| Subscription | Contact Us |

Privacy Policy   Terms of Service  18.234.88.196