Atlas Financial Holdings (AFHIF) has released an update to notify the public and investors about events prompting financial liability intensification.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Before the Agreement, the Company had failed to meet the minimum liquidity requirements of the Credit Agreement. This non-compliance was an event of default that risked making the entire principal and interest owed, totaling around $10 million, due immediately if it remained uncured.
For further insights into AFHIF financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
