Lenox gets loan waiver of non-compliance with covenants

By Sara Rosenberg

New York, Nov. 20 - Lenox Group Inc. received a waiver from its credit facility lenders regarding non-compliance with certain financial covenants for the period ended Sept. 27, according to an 8-K filed with the Securities and Exchange Commission Thursday.

The waiver was obtained on Nov. 15 and is effective through Nov. 24.

UBS is the administrative agent on the deal.

Lenox is an Eden Prairie, Minn.-based tableware, collectibles and other giftware products company.

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