TITLE

Aquilex Gets Forbearance After Violating Covenants

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
October 2011
SOURCE
High Yield Report;10/24/2011, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the predicament of Aquilex Holdings after violating financial covenants in the third quarter of 2011. It states that the company, which provides maintenance services to the energy industry, got a forbearance from lenders to be administered by RBC. Information presented also indicates that the company obtained a downgrade from Moody's Investors Service and Standard & Poor's.
ACCESSION #
66839118

 

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