RCS Capital and its Lenders Agree to Covenant Modifications
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RCS Capital (RCAP) Resumes Trading; Shares Now Up ~25%
June 30, 2015 2:33 PM EDTRCS Capital (NYSE: RCAP) is continues to rip higher as it resumes trading following a volatility pause. Shares are now up 25 percent on the session.
Earlier, the company announced entering amended covenants with first- and second-lien lenders. For more color, click here.
... MoreRCS Capital (RCAP) Amends Covenants with First-, Second-Lien Lenders
June 30, 2015 2:20 PM EDTRCS Capital (NYSE: RCAP) announced that it has agreed with its first and second lien lenders under its existing credit facilities to certain leverage ratio covenant amendments in addition to other modifications.
Michael Weil, Chief Executive Officer of RCS Capital, commented, "We... More
