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BRIEF-Avid Technology announces amendment to financing agreement
March 20, 2017 / 9:29 PM / 4 months ago

BRIEF-Avid Technology announces amendment to financing agreement

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March 20 (Reuters) - Avid Technology Inc -

* Avid Technology announces amendment to financing agreement

* Avid Technology announces amendment to financing agreement

* Co, Cerberus agreed to expand amount of allowable one-time charges incurred after February 26, 2016 from $28.1 million to $38.0 million

* Increased limit on 1-time charges will provide co to execute planned efficiencies, including more than $30 million of cost savings in 2017 Source text for Eikon: Further company coverage:

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