BZAM Sells Galaxie And Amends Credit Agreement
Portfolio Pulse from Vuk Zdinjak
BZAM Ltd. has completed the sale of Galaxie Brands Corporation for $556,522. In conjunction with this, BZAM and its lender have agreed to amend the terms of their credit agreement. The amendments include changes to the EBITDA financial covenant, reduction of the term portion of the credit facility, and prepayments on the term portion of the credit facility.
July 05, 2023 | 3:40 pm
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POSITIVE IMPACT
BZAM's sale of Galaxie Brands and amendment of its credit agreement could potentially improve its financial position.
The sale of Galaxie Brands could provide BZAM with additional capital, while the amendment of its credit agreement could potentially lead to more favorable financial terms. Both of these factors could have a positive impact on BZAM's stock price in the short term.
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