MDC Partners modifies leverage covenant with credit facility amendment

By Sara Rosenberg

New York, July 30 - MDC Partners Inc. amended its senior secured revolving credit facility on Monday, revising the total leverage ratio, according to an 8-K filed with the Securities and Exchange Commission.

The ratio is now set at 4.25 times for the 12-months ending June 30 and 4 times thereafter.

Wells Fargo Capital Finance LLC is the agent on the deal.

MDC is a Toronto-based provider of marketing communications services.

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