Streamline Health Eases Loan Covenants and Updates Fiscal Targets

Streamline Health Solutions (STRM) has released an update to notify the public and investors about its financial commitment initiation.

A company has recently revised its financial strategy by amending its loan agreement, easing some of its financial covenants. These changes include updating debt-to-EBITDA ratio thresholds and eliminating certain cash and debt requirements, while also introducing new targets for adjusted EBITDA. The agreement continues to impose restrictions on the company’s financial activities, including limits on asset transfers and expenditures, to ensure ongoing fiscal responsibility.

For further insights into STRM financials, check out TipRanks’ Financials page.

For a comprehensive understanding of the announcement, you can read the full document here.