- Engineering and manufacturing company Unique Fabricating Inc (NYSE:UFAB) announced the extension of the Forbearance Agreement with its lenders.
- The extension is through February 28, 2022.
- The agreement provides the company with continued access to credit facilities and sufficient liquidity for currently anticipated needs.
- Unique Fab aims to finalize negotiations with the lenders to enter into an amendment and waiver to cure the defaults during the forbearance period.
- “Our Lenders understand the well-documented and ongoing uncertainty in the Transportation Market regarding the timing of the full resolution of the chip shortage challenges,” said Doug Cain, President and Chief Executive Officer.
- A forbearance agreement makes lenders refrain from enforcing their rights or seeking to collect payment of the company’s debt, or disposing of the collateral securing the debt.
- Price action: UFAB shares are trading higher by 29.7% at $4.24 in premarket on last check Tuesday.
Hims & Hers Health Q4 EPS $(0.05) Beats $(0.07) Estimate, Sales $167.20M Beat $161.17M Estimate
Hims & Hers Health (NYSE:HIMS) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.07) by 28.57 percent. This is a 66.67 percent increase over losses of $(0.15) per share from
