AUBURN HILLS, MI / ACCESSWIRE / May 23, 2023 / Unique Fabricating, Inc. (NYSE American:UFAB), reported that it has entered into an Accommodation Agreement with three of its principal customers ("Customers') and its lenders ("Lending Group"), and a Forbearance Agreement with the Lending Group. The Customers agreed to provide certain financial and other accommodations to Unique Fabricating and the Lending Group to support on-going operations and a sale or restructuring process by the Company. The Accommodation Agreement will continue through October 31, 2023 unless before that date, among other things, the Company is sold to a qualified buyer, or the Term ends due to the occurrence of an event of default.
Unique Fabricating, Inc. Announces Accommodation Agreement and New Forbearance Agreement to Support Restructuring or Sale
May 23, 2023
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