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Bank Borrowings
9 Months Ended
Mar. 31, 2020
Bank Borrowings  
Bank Borrowings

4. BANK BORROWINGS 

 

On January 27, 2017, we entered into Amendment Number Two to the Credit Agreement, which further amended the Credit Agreement with Wells Fargo and the lenders party thereto dated November 21, 2014 (as amended, the Credit Agreement).  The loan was secured by substantially all of our assets.

 

Our Credit Agreement and the obligations under the agreement matured on November 21, 2019. All remaining principal was paid prior to that date and all remaining deferred financing costs have been amortized to interest expense. As of March 31, 2019, the remaining deferred financing costs of $83,000 was written-off to interest expense.