Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Vintage Wine Estates (VWE) is now available.
Vintage Wine Estates and its subsidiaries have entered into a Forbearance Agreement with their lenders, allowing them to avoid default repercussions until March 31, 2024. The agreement reduces their credit limit by $20 million, increases interest rates by 1%, and imposes strict cash and business planning requirements. The company also announced the agreement in a recent press release, emphasizing their ongoing asset sales strategy.
For a thorough assessment of VWE stock, go to TipRanks’ Stock Analysis page.