Atlas Financial Holdings (AFHIF) has released an update to notify the public and investors about events prompting financial liability intensification.
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Before the Agreement, the Company had failed to meet the minimum liquidity requirements of the Credit Agreement. This non-compliance was an event of default that risked making the entire principal and interest owed, totaling around $10 million, due immediately if it remained uncured.
For further insights into AFHIF financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.