Impact: Positive, as the settlement should not impact the Company's ability to remain in compliance with its covenants. We view the settlement as having a lower level of security over Cathedral's cash flow relative to its banking syndicate.
09 Aug 2016
ANNOUNCES FLSA LAWSUIT SETTLEMENT
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ANNOUNCES FLSA LAWSUIT SETTLEMENT
Cathedral Energy Services Ltd. (CET:TSE) | 0 0 0.7% | Mkt Cap: 69.1m
- Published:
09 Aug 2016 -
Author:
Ian Gillies -
Pages:
2
Impact: Positive, as the settlement should not impact the Company's ability to remain in compliance with its covenants. We view the settlement as having a lower level of security over Cathedral's cash flow relative to its banking syndicate.