CONMED Corporation Announces Amendment to its Existing Credit Agreement
CONMED Corporation (CNMD)
Last conmed corporation earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
conmed.com/en/about-us/investors/investor-relations
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Source: Business Wire
UTICA, N.Y.--(BUSINESS WIRE)--CONMED Corporation (NYSE: CNMD) today announced an amendment to its existing credit agreement, including adjustments to, and suspension of, certain debt covenant thresholds. The terms of the amended agreement are temporary in nature and were granted to provide the Company with financial assurance and flexibility as it navigates the COVID-19 pandemic.Key Amended Covenant HighlightsSuspension of debt leverage covenants until the second quarter of 2021, unless terminated earlier by the Company due to compliance with the existing covenantsAdjustments to Fixed Charge Coverage Ratios and Minimum Liquidity commitmentsModification of the interest rate and fees during the suspension periodCurt Hartman, CONMED’s President and Chief Executive Officer, commented, “We believe the amended credit agreement provides us with the appropriate level of flexibility to strategically manage the business through this global pandemic and positions us well for market recovery.
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CNMD
Earnings
- 10/30/24 - Beat
CNMD
Sec Filings
- 11/21/24 - Form 4
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- CNMD's page on the SEC website