| OMNI Energy Services announced that it has entered into an amendment to its senior secured credit facility maturing April 23, 2013, providing for a waiver of a violation of the facility's fixed charge coverage requirement of 1.25 to 1.00 for the twelve month period ended September 30, 2009 and each and every event of default arising solely from the violation. In addition, the company reduced the total available principal under the Facility from $75M to $56M reflecting the principal payments previously made and applied to the term portion of the facility in the amount of $14M. :theflyonthewall.com |
