Vintage Wine Estates amends the amended forbearance agreement

Vintage Wine Estates announced that the Company and its lender group have amended the amended and restated forbearance agreement dated April 2, as amended, the “amended forbearance agreement”, to extend the forbearance period to June 4. The lenders have also agreed to defer the $10M principal payment previously due at May 15 to June 17 Under the amendment to the amended and restated forbearance agreement, the lender group has agreed to not exercise any rights and remedies until June 4, so long as the Company complies with the terms of the amended forbearance agreement and otherwise remains in compliance with the Second Amended and Restated Loan and Security Agreement.