MAI SYSTEMS CORP. ANNOUNCES CREDIT AGREEMENT AMENDMENT
MAI SYSTEMS CORP. ANNOUNCES CREDIT AGREEMENT AMENDMENT TUSTIN, Calif., March 3 /PRNewswire/ -- MAI Systems Corp.
(NYSE: MCO) announced today that it has obtained, from the bank lenders under its U.S. and Canadian credit agreements, an extension of the final maturity of $77 million of outstanding indebtedness under the credit agreements, together with an extension of defaults waivers, from March 10, 1992 to May 26, 1992. MAI also announced that, after taking into account its Feb. 28, 1992 $6 million principal payment under the credit agreement, it had reduced its worldwide indebtedness to banks by approximately $20 million since March 1991.
-0- 3/3/92 /CONTACT: Bertrand H. Weidberg of MAI Systems, 714-730-2484/ (MCO) CO: MAI Systems Corp. ST: California IN: SU:
KJ-CH -- LA027 -- 4715 03/03/92 17:49 EST
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|Date:||Mar 3, 1992|
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