Workflow
Forbearance Agreement
icon
Search documents
Deveron Announces Amendment to Forbearance Agreement
Newsfile· 2025-10-10 23:59
Core Points - Deveron Corp. has entered into an amending agreement to its forbearance agreement with Toronto Dominion Bank, extending the forbearance period until December 12, 2025, or until a specified termination event occurs [1][2] - The company currently has approximately $25 million in outstanding term debt and drawn on an operating line of credit [1] - The forbearance agreement allows the continuation of the company's strategic review process to evaluate alternatives for meeting short-term liquidity needs [2] Company Overview - Deveron is an agriculture technology company focused on using data and insights to enhance agricultural productivity, reduce costs, and improve farm outcomes [4] - The company employs a digital process that leverages data collected from farms across North America to provide unbiased recommendations for optimizing input use [4]
X @Bloomberg
Bloomberg· 2025-10-07 21:09
Platinum Equity-backed portable toilet company United Site is operating under a forbearance agreement after it elected to skip interest payments on some of its debt, according to sources https://t.co/qu2zl17s6A ...
Colabor Group Inc. Announces Forbearance Agreements with Principal Lenders and Investissement Québec
GlobeNewswire News Room· 2025-09-06 01:48
Core Viewpoint - Colabor Group Inc. has entered into forbearance agreements with its principal lenders and Investissement Québec to temporarily avoid defaults related to financial covenants for the third and fourth quarters of 2025 [1][2][3] Group 1: Forbearance Agreements - The forbearance agreements allow Colabor to avoid immediate financial penalties while it works on amendments to its credit facilities [2][3] - The agreements are effective until October 15, 2025, contingent on Colabor's compliance with specified financial and operational covenants [3] Group 2: Financial Position and Stability - The forbearance agreements provide Colabor with additional flexibility following a cybersecurity incident in July 2025, aimed at strengthening its financial position [4] - Colabor's management is actively engaged in discussions with stakeholders to ensure long-term stability and growth [4] Group 3: Company Overview - Colabor operates as a distributor and wholesaler of food products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces [5]