Bassett(BSET) - 2023 Q4 - Annual Report

2024. We were in compliance with the amended covenants at November 25, 2023 and expect to be in compliance at March 2, 2024. The respective ratios revert back to the previous values for the quarter ended June 1, 2024. We are in negotiations with our bank and plan to have an amended, restated or new agreement with a similar line of credit in place by the end of the second quarter of 2024. Total interest paid during fiscal 2023, 2022 and 2021 was not material. 45 10. Post-Employment Benefit Obligations Manage ...