Orbit International Corp. Obtains Waiver and Amendment from Its Primary Lender

by: , Atlantic Wire
April 1, 2011

Category: Syndicated Industry News | RSS 2.0

HAUPPAUGE, N.Y.–(BUSINESS WIRE)–Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer and software solution provider, today announced that its primary lender has waived the Company’s non-compliance with one financial covenant of its credit agreement for the fourth quarter ended December 31, 2010. The lender also amended the credit agreement regarding the same financial covenant through the first three quarters in 2011. As reported on March 10, 2011, the Company had not been in c

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