Reported Late Friday, LeddarTech Secures Temporary Waiver On Credit Facility With Desjardins, Reduces Minimum Cash Covenant
Portfolio Pulse from Benzinga Newsdesk
LeddarTech has secured a temporary waiver on its credit facility with Desjardins and has reduced its minimum cash covenant. This development could provide the company with more financial flexibility in the short term.
July 08, 2024 | 6:00 am
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LeddarTech has secured a temporary waiver on its credit facility with Desjardins and reduced its minimum cash covenant, which could provide the company with more financial flexibility in the short term.
The temporary waiver and reduced minimum cash covenant will likely provide LeddarTech with more financial flexibility, which could be seen positively by investors. This could lead to a short-term positive impact on the stock price.
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