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BRIEF-Lightstream lowers semi-annual borrowing base under credit facility

Published 2016-05-02, 06:18 a/m
© Reuters.  BRIEF-Lightstream lowers semi-annual borrowing base under credit facility
LTS
-

May 2 (Reuters) - Lightstream Announces LTS.TO
* Semi-annual borrowing base re-determination under credit
facility
* Borrowing base has been reduced from $550 million to $250
million
* Under terms co has 90 days to cure shortfall before
triggering an event of default
* Borrowing base is set by lowest determined amount by any
one member of 16 member syndicate; range was from $250 million
to $380 million

Source text for Eikon: ID:nMKW5x7Vda
Further company coverage: LTS.TO

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