William Lyon Homes lenders extend covenant default waiver to Oct. 27

By Caroline Salls

Pittsburgh, Oct. 12 - William Lyon Homes, Inc.'s senior secured term loan lenders have extended the company's default waiver to Oct. 27 from Oct. 7, according to an 8-K filed with the Securities and Exchange Commission.

As previously reported, the waiver covers any potential default on the $206 million term loan agreement related to the minimum tangible net worth covenants.

William Lyon is a homebuilder based in Newport Beach, Calif.

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