<a href="https://laohu8.com/S/AMS">American Shared Hospital Services</a> 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.
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