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TORONTO, ONTARIO--(Marketwired - Jan. 26, 2017) - Tangelo Games Corp. ("Tangelo" or the "Company") (TSX VENTURE:GEL), a leading developer and operator of social casino games, announces that the Company has satisfied the outstanding conditions of the waiver and amendment agreement (the "Amendment") with its lenders to amend certain terms of its outstanding credit agreement (see press release dated January 10, 2017). Tangelo previously completed a secured debt financing pursuant to an amended and restated credit agreement dated November 16, 2015, which amended the terms of a prior credit agreement dated January 30, 2015, as amended among the Company, as borrower, the subsidiaries of Tangelo, as credit parties, a syndicate of lenders (the "Lenders"), and the Lenders' administrative agent, Third Eye Capital Corporation. |
