Carmike amends loan, extending financial statement delivery deadline

By Sara Rosenberg

New York, April 5 - Carmike Cinemas Inc. amended its credit facility, extending the deadline to May 15 for submitted financial statements for the fiscal year ended Dec. 31, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The amendment also requires the company to deliver monthly financial statements for March to the lenders on or before April 15.

Until the 2005 financial statement is delivered, the company may only draw up to $10 million under its $50 million revolver.

The amendment was completed on April 3 and is effective as of March 28.

Bear Stearns Corporate Lending Inc. is the administrative agent on the deal.

Carmike is a Columbus, Ga.-based motion picture exhibitor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.