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A. H. Belo Corporation
A. H. Belo Corporation Amends Credit Agreement
November 7th, 2008
A. H. Belo Corporation (NYSE:AHC) said that its bank group has approved an amendment and waiver to its credit facility. The amended credit agreement, effective October 23, 2008, reduces the total commitment amount from $100 million to $50 million; sets pricing at LIBOR plus a spread of 250 basis points; waives the fixed charge ratio covenant through January 31, 2009; restricts the payment of cash dividends during such period; and, provides the bank group a security interest in the Company's accounts receivable and inventory. The amendment does not apply to the dividend declared on September 24, 2008 to be paid on November 10, 2008. Robert W. Decherd, chairman, president...
Source: Health Business Week (2008-11-07)
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