Ferroglobe Amends its Revolving Credit Facility
Ferroglobe PLC - Ordinary Shares (GSM)
Last ferroglobe plc - ordinary shares earnings: 3/2 05:20 pm
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Source: GlobeNewswire
LONDON, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”) announced today that it has obtained the consent of its lenders for and entered into an amendment (the “Amendment”) to its existing revolving credit agreement (the “RCF”). Among other provisions, the Amendment: reduces the aggregate amount of revolving commitments under the RCF from $200 million to $150 million;reduces the minimum unrestricted cash required to be maintained by the Company at all times to $70 million;adds a requirement for the Company to maintain, at all times, an aggregate amount of restricted cash equal to (i) the amount outstanding under the RCF at any time minus (ii) $100 million, in a blocked deposit account, which shall be in addition to the minimum cash requirement above;provides that any breach of the financial covenants requiring the Company to maintain a maximum net total leverage ratio or a minimum interest coverage ratio as of the end of the fiscal quar
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GSM
Earnings
- 2/21/24 - Beat
GSM
Sec Filings
- 4/30/24 - Form NT
- 3/28/24 - Form 6-K
- 3/13/24 - Form 6-K
- GSM's page on the SEC website