American Shared Hospital Services Seeks Waiver and Amendment to Credit Agreement with Fifth Third Bank
American Shared Hospital Services announced that it is currently engaged in discussions with Fifth Third Bank regarding a potential waiver and amendment to its existing Credit Agreement. The agreement, originally dated April 9, 2021, includes a $7 million revolving loan commitment and supplemental term loans. Recently, the company received notice from Fifth Third Bank asserting an event of default due to the company's failure to maintain the required minimum levels of unrestricted cash and cash equivalents for the quarter ending September 30, 2025. As a result, the lender has suspended the revolving loan commitment for additional advances. The company is reviewing the implications of this event on its liquidity and financial condition, but no assurances can be given regarding the outcome of the ongoing discussions to amend the agreement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Shared Hospital Services published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-038008), on December 16, 2025, and is solely responsible for the information contained therein.
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