Spanish Broadcasting Systme has extended its credit facility maturation date until August 29, 2025.
SBS had entered into the current credit facility on February 17, 2021. It says continues to use the borrowings under the Amended Credit Facility to finance its working capital needs and other general corporate purposes with $4.9 million currently drawn on it. By amending the maturity date until August 29, SBS has agreed to increase the interest rate margins on borrowings under the Amended Credit Facility by 0.75%.
