The Hain Celestial Group Gets Second Waiver and Extension Under Unsecured Credit Facility

The Hain Celestial Group, an organic and natural products company, said Tuesday it has received a second limited waiver and extension of certain obligations under its unsecured credit facility from its lenders until Feb. 27.

This relates to the delivery of the company’s financial statements for fiscal year 2016, first quarter fiscal year 2017, and if necessary, second quarter fiscal year 2017, concurrent with the compliance extension previously granted by Nasdaq.

The unsecured $1 billion senior credit facility is scheduled to mature in December 2019 and may be increased by an additional $350 million provided certain conditions are met.

By BDL Contributor