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Missouri Research alters loan pact following loss. (Missouri Research Laboratories Inc.) (company profile)
Missouri Research alters loan pact following loss
Missouri Research Laboratories Inc. has extended its expired loan and bond agreements to allow it to continue operating while restructuring debt payments.
The firm is counting on the sale of idle assets and its ability to generate new business to meet future capital needs, according to information in the company's filing with the Securities and Exchange Commission.
The new loan and bond agreements replace ones that expired earlier this year and allow Missouri Research to stay in business while it restructures to pay off bank debt and recover from a $1.4 million loss in fiscal 1991.
A loan …
