The Mint Leasing, Inc. announced that in connection with the company's settlement agreement with Comerica Bank whereby Comerica agreed to accept $8.5 million as a discounted settlement under the company's credit facility, the company expects to recognize a gain on extinguishment of debt of approximately $8 million. An affiliate of Moriah Capital Management L.P. acquired the rights to the company's outstanding Credit Facility and note payable with Comerica Bank. An affiliate of Moriah Capital Management L.P. entered into an Amended and Restated Loan and Security Agreement and amended secured note, which reduced the amount owed under the loan to $9.3 million and amended and revised certain other terms and conditions of the note.
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2022 | The Mint Leasing, Inc. Went Out of Business | CI |
2019 | Motion for Asset Sale Approved for The Mint Leasing, Inc. | CI |
1st Jan change | Capi. | |
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-.--% | 906K | |
+126.29% | 10.53B | |
-9.05% | 4.97B | |
+9.27% | 4.65B | |
-1.83% | 4.57B | |
+14.45% | 3.49B | |
+1.14% | 2.3B | |
-3.60% | 2.17B | |
+18.18% | 1.97B | |
-4.01% | 1.03B |
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