The latest update is out from Vintage Wine Estates (VWE).
Vintage Wine Estates, Inc. and its subsidiaries have reached an agreement to amend their forbearance terms with lenders, extending the grace period for certain defaults under their Loan Agreement to June 4, 2024. Additionally, the deadline for a mandatory $10 million prepayment has been pushed to June 17, 2024, and the interest rate for swingline borrowings has been adjusted. The company will also pay additional fees, including a one-time payment to consenting lenders. The amendment details were publicly announced in a press release on May 8, 2024.
For a thorough assessment of VWE stock, go to TipRanks’ Stock Analysis page.
