BurgerFi Entered Into A Forbearance Agreement And 17th Amendment To Its Existing Credit Facilities With TREW Capital Management Private Credit 2, Pursuant To Which The Secured Parties Under The Credit Facilities Agreed To Forbear From Exercising Their Rights Under The Credit Documents Until At Least July 31, 2024; L Catterton And TREW Have Each Agreed To Lend Up To $2M To Assist During This Strategic Review Process.
Portfolio Pulse from Benzinga Newsdesk
BurgerFi has entered into a forbearance agreement and a 17th amendment to its existing credit facilities with TREW Capital Management Private Credit 2. The secured parties have agreed to forbear from exercising their rights under the credit documents until at least July 31, 2024. Additionally, L Catterton and TREW have each agreed to lend up to $2 million to assist during this strategic review process.
May 30, 2024 | 9:13 pm
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BurgerFi has entered into a forbearance agreement and secured up to $4 million in loans from L Catterton and TREW to assist during its strategic review process.
The forbearance agreement and additional loans provide BurgerFi with financial stability and resources to navigate its strategic review process, which is likely to be viewed positively by investors.
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