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News Breaks
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February 10, 2012
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| 08:47 EDT |  | EMRI |
| theflyonthewall.com: | EMRISE and lender amend loan terms; allows dicount payoff up to 30% | | EMRISE announced that it has signed an agreement with GVEC Resource IV Inc. and Private Equity Management Group LLC, or PEM, its former primary lender in the U.S., to amend the terms of the existing $1M interest bearing note that extends its due date to Feb. 28, 2013, revises the principal repayment terms and includes provisions for the company to receive a discount of up to 30% in consideration for early payment. :theflyonthewall.com |
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