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Prospect News home > News index > List of issuers M > Headlines for MEGA Brands, Inc. > News item
Published on 4/2/2009 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

MEGA Brands amends loan, waiving covenants

By Sara Rosenberg

New York, April 2 - MEGA Brands Inc. amended its credit facility, waiving certain covenants for the quarters ended Dec. 31 and March 31, according to a news release.

In addition, the amendment aligned thresholds of those waived covenants for the second, third and fourth quarters of 2009 to the company's operating plan.

MEGA Brands is a Montreal-based provider of construction toys, games & puzzles, arts & crafts and stationery.


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