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Wise Metals amends loan, waiving compliance with adjusted EBITDA or adjusted excess availability
By Sara Rosenberg
New York, Aug. 15 - Wise Metals Group LLC amended its revolving credit facility, waiving compliance with the adjusted EBITDA or adjusted excess availability calculation covenants until periods after July 31, 2006, according to a 10-Q filed with the Securities and Exchange Commission Tuesday.
This amendment is really an extension of a previous amendment that waived compliance with the covenants until periods ending after June 30, 2006.
The newest amendment was completed on Aug. 4.
Wise Metals is a Linthicum Heights, Md.-based producer of aluminum can stock.
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