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Staffing 360 Solutions | 8-K: Current report

SEC ·  Sep 20, 2024 05:25

Summary by Futu AI

Staffing 360 Solutions has secured extensions for its major debt obligations through two key agreements effective September 18, 2024. The company entered into a Second Omnibus Amendment Agreement with Jackson Investment Group, extending the maturity dates of its Third Amended and Restated Note and August 2023 Senior Note to January 13, 2025.Simultaneously, the company executed Amendment No. 30 to its Credit and Security Agreement with MidCap Funding IV Trust, extending the Commitment Expiry Date to December 5, 2024. This amendment includes a $200,000 modification fee, which will be waived if the company satisfies its outstanding obligations under the Credit and Security Agreement in full before December 5, 2024.
Staffing 360 Solutions has secured extensions for its major debt obligations through two key agreements effective September 18, 2024. The company entered into a Second Omnibus Amendment Agreement with Jackson Investment Group, extending the maturity dates of its Third Amended and Restated Note and August 2023 Senior Note to January 13, 2025.Simultaneously, the company executed Amendment No. 30 to its Credit and Security Agreement with MidCap Funding IV Trust, extending the Commitment Expiry Date to December 5, 2024. This amendment includes a $200,000 modification fee, which will be waived if the company satisfies its outstanding obligations under the Credit and Security Agreement in full before December 5, 2024.

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