Quintis reporting default waiver extended a week to Aug. 16

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – Quintis Ltd. said a majority of noteholders agreed to extend a waiver related to its failure to provide its financial statements for the quarter ended March 31 by the May 30 deadline under the terms of its 8¾% senior secured notes.

Specifically, the terms of the waiver were extended to Aug. 16 from Aug. 9, according to a press release.

As previously reported, the company failed to provide its financial statements for the quarter ended March 31 by the May 30 deadline under the terms of the notes. It was required to either publish the statements or receive a waiver of the reporting default by July 8. It announced the receipt of a waiver on July 10.

The waiver had previously been extended to Aug. 9 from July 30.

Quintis is a Perth, Australia producer of sandalwood.

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