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Note 12 - Subsequent Events
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
12—Subsequent
Events
 
On
April 29, 2019,
the Company entered into a Limited Waiver to Credit Agreement with the Subsidiary, JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders that are party thereto, pursuant to which the lenders agreed to waive the Company’s failure to comply with the current ratio financial covenant under the
2017
Senior Credit Facility as of the last day of the fiscal quarter ending
March 31, 2019.
 
On
May 14, 2019,
the Company entered into the
2019
Credit Agreement among the Company, the Subsidiary, as borrower, SunTrust Bank, as administrative agent, and certain lenders that are party thereto, which provides the
2019
Senior Credit Facility. The
2019
Senior Credit Facility amends, restates and refinances the obligations under the
2017
Credit Agreement.
 
On
May 14, 2019,
the Company delivered a notice of redemption to the trustee for the Convertible Second Lien Notes to call for redemption on
May 29, 2019
approximately
$56.7
million aggregate principal amount of the outstanding Convertible Second Lien Notes, representing
100%
of the aggregate principal amount of the outstanding
2019
Notes.
 
On
May 14, 2019,
the Company and the Subsidiary entered into the New
2L
Notes Purchase Agreement with the New
2L
Notes Purchasers pursuant to which the Company will issue to the New
2L
Notes Purchasers
$12.0
million aggregate principal amount of the Company’s
13.50%
Convertible Second Lien Senior Secured Notes due
2021.
 
Please see
Note
4—“Debt”
 for a detailed description of each of these transactions.