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Safelite Glass Corp. has entered into a waiver agreement with its senior bank lenders.
The Columbus company, the largest in the automotive glass replacement industry, said in February it was in danger of violating financial covenants on its bank debt.
The company lost $27.4 million in the quarter ended Jan. 1.
But Safelite said March 31 its lenders were waiving certain technical defaults under the company's $388 million senior bank credit facility until June 9.
The company said the waiver gives …