ION Geophysical Corp

NYSE:IO   12:22:50 PM EDT
1.13
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Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Ion Geophysical Corp - Entered Into A Forbearance And Fifth Amendment Under Its Revolving Credit And Security Agreement Dated August 22, 2014

Published: 01/14/2022 23:02 GMT
ION Geophysical Corp (IO) - Entered Into a Forbearance and Fifth Amendment Under Its Revolving Credit and Security Agreement Dated August 22, 2014.
Expects Q4 2021 Revenue to Be About $40 Million, an Increase of 45% Yoy.
Ion Geophysical - Pnc Agreed to Waive, Through & Including Feb 15, 2022, Cross Default That Would Have Occurred Under Credit Agreement.
Q4 Revenue View $33.7 Million -- Refinitiv Ibes Data (analyst estimates).
Entered Into Agreements With Holders of More Than 79% of Its 2025 Notes.
Remains in Continuing Discussions With Pnc, Holders of 2025 Notes, Other Indebtedness Regarding Various Strategic Alternatives.
Strategic Alternatives Include, Among Others, a Sale Or Business Combination Transaction Or Sales of Assets.