31 May 2016
ANNOUNCES 1Q16 RESULTS, LENDERS HAVE NOT YET EXTENDED CREDIT PAST MAY 31ST
Impact: Negative. In 1Q16, LGX continued to consume cash flow with its net debt and working capital deficiency growing to $31.4 mm exiting the period. Previously, the Company's lenders agreed to an amended credit limit of $30.1 mm expiring May 31st, 2016, with no extension granted as of May 30th, 2016.
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ANNOUNCES 1Q16 RESULTS, LENDERS HAVE NOT YET EXTENDED CREDIT PAST MAY 31ST
Impact: Negative. In 1Q16, LGX continued to consume cash flow with its net debt and working capital deficiency growing to $31.4 mm exiting the period. Previously, the Company's lenders agreed to an amended credit limit of $30.1 mm expiring May 31st, 2016, with no extension granted as of May 30th, 2016.