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UniTek forbearance amendments extend standstill periods to Sept. 23
By Caroline Salls
Pittsburgh, Sept. 4 – UniTek Global Services, Inc. entered into amendments to forbearance agreements with the lenders under its term credit agreement and revolving credit agreement that extends the forbearance standstill periods through Sept. 23, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The amendments also modify reporting obligations.
Cerberus Business Finance, LLC is the administrative agent on the term agreement, and Apollo Investment Corp. is the agent on the revolver.
UniTek is a Blue Bell, Pa.-based provider of engineering, construction management and installation fulfillment services to the telecommunications, broadband cable and satellite industries.
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