Oct 19 (Reuters) - Frankly Inc TLK.V :
* FRANKLY AMENDS CREDIT AGREEMENTS WITH RAYCOM MEDIA, SIGNIFICANTLY REDUCING DEBT OBLIGATION AND ENHANCING BALANCE SHEET FOR GREATER FINANCIAL FLEXIBILITY
* FRANKLY - UNDER AMENDMENT, OUTSTANDING BALANCE OF PRINCIPAL AND ACCRUED INTEREST OWED TO RAYCOM WAS REDUCED FROM ABOUT US$21.5 MILLION TO US$10.0 MILLION
* FRANKLY - UNDER AMENDMENT OF SPA, FRANKLY WILL NO LONGER BE REQUIRED TO INCREASE SIZE OF BOARD BY 2 DIRECTORS OR NOMINATE RAYCOM APPOINTEES AS DIRECTORS