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Quotes & Info
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| STS > SEC Filings for STS > Form 8-K on 15-Sep-2009 | All Recent SEC Filings |
15-Sep-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhib
Amendment to Credit Agreement
On September 9, 2009, Supreme Corporation, the wholly-owned subsidiary of Supreme Industries, Inc. (the "Company"), entered into an Amendment to Credit Agreement with its lender, JPMorgan Chase Bank, N.A. The Amendment waived (for a limited period of time) a violation of a financial covenant contained in the Credit Agreement and modified the wording of the two financial covenants dealing with minimum tangible net worth and adjusted EBITDA requirements. In addition, on September 9, 2009, a Note Modification Agreement was entered into by and between these parties for the purpose of reducing the line of credit being made available to Supreme Corporation from $33,000,000 to $25,000,000. Copies of the Amendment to Credit Agreement and Note Modification Agreement are being filed as Exhibits 10.1 and 10.2, respectively to this Current Report on Form 8-K.
(d) Exhibits. 10.1 Amendment to Credit Agreement dated September 9, 2009. 10.2 Note Modification Agreement dated September 9, 2009 |
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