FlexShopper Enters Forbearance and Amendments to Credit Agreement With Basepoint, Secures Extended Loan Access Through October 2025
I'm PortAI, I can summarize articles.
FlexShopper Inc. has entered into a Forbearance and Sixth Amendment to its Credit Agreement with BP Fundco, LLC, extending loan access through October 2025. The agreement allows Basepoint to forbear from exercising remedies related to certain defaults and permits over-advances of up to $750,000. This support is intended for Flex Revolution's operations until an Article 9 UCC Sale of collateral on October 24, 2025, after which the subsidiary will cease operations or have its obligations assumed by the purchaser.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments