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loan forbearance agreement

Real Estate Marketing - Foreclosures, Loan Modifications and Government Bailout Plans - Part 3 m - Real Estate Marketing - Foreclosure rates on Forbearance Agreements done with banks reaches 58% - With Michael J ...

Revolution Lighting Amends Loan and Security Agreement

STAMFORD, Conn., May 01, 2019 (GLOBE NEWSWIRE) -- Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) (“Revolution Lighting” or the “Company”), a global provider of advanced LED lighting solutions, announced that on April 30, 2019 the Company entered into an Amendment to Forbearance Agreement and Sixteenth Amendment to its loan and security agreement with Bank of America. The Amendment extends the previously disclosed forbearance period through July 31, 2019. A copy of the Sixteenth Amendment and a description of its material terms will be filed with the SEC on Form 8-K in the coming days.

"We appreciate the continued support of Bank of America and their continued willingness to work with us." said Robert V. LaPenta, Chairman, CEO and President, Revolution Lighting Technologies. “The company is making progress in its business operations, and we look forward to a long and successful partnership with Bank of America.”

About Revolution Lighting Technologies Inc.

Loan Modifications vs. Forbearance Agreement?

Regarding Loan Modification and Michael G's answer. His answer was not a Permanent Loan Modification, he was describing a Forbearance Agreement.

Lender's will negotiation permanent loan modification, but you need to be careful.

Lender's will seldom if ever will negotiate a true loan modification. But they will offer a forbearance and new payment schedule, in a hardship for example. The caveat...all interest will be due at some later date or upon payoff.

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