Atlas Financial Holdings (AFHIF) has released an update to notify the public and investors about events prompting financial liability intensification.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.