AAC Holdings Finalizing Agreement with Lenders and Finalizing Appointment of New Independent Board Members
Ares Acquisition Corporation Class A Ordinary Shares (AAC)
Last ares acquisition corporation class a ordinary shares earnings: 8/30 06:00 am
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US:NASDAQ Investor Relations:
ir.americanaddictioncenters.org
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Source: Business Wire
BRENTWOOD, Tenn.--(BUSINESS WIRE)--AAC Holdings, Inc. (NYSE: AAC) today announced that as a result of continued positive discussions with the Company’s senior secured lenders, the Company expects to enter into an agreement securing additional liquidity and receiving a forbearance from its senior secured lenders regarding certain previous events of default. The Company expects to finalize the agreement with its senior secured lenders next week, although no assurance can be made that an agreement will result from these discussions within that time frame or that an agreement consistent with these discussions will be reached at all.The Company is also in the process of finalizing the appointment of three additional independent members to its Board of Directors. The new members would join AAC CEO Michael Cartwright, Vaco Holdings CEO Jerry Bostelman, and Burch Investment Group CEO Lucius Burch on the board. Although the Company expects to finalize these appointments next week, no assur
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