The Loan Agreement continues to provide QEP and certain of its subsidiaries with up to
The Amendment provides for certain changes to the Loan Agreement, including:
(i) Permitting capital expenditures up to
(ii) The disposition of real and personal property in
(iii) Adjusting the requirements for the Fixed Charge Coverage Ratio financial covenant.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment which is incorporated herein by reference to the Company Quarterly Report to be filed on or about
About QEP
Founded in 1979,
QEP is headquartered in
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical facts, may constitute forward-looking statements within the meaning of the federal securities laws. These statements can be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding access to liquidity and financial flexibility. Any forward-looking statements contained herein are based on current expectations and beliefs, and are subject to a number of risks and uncertainties. Forward-looking statements may also be adversely affected by general market factors, federal and state regulations and legislation, manufacturing issues that may arise, patent positions and litigation, among other factors. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the Company does not undertake any obligation to update forward-looking statements, except as required by law.
CONTACT:
Executive Vice President and
Chief Financial Officer
561-994-5550
Source:
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