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Shari Redstone Coronavirus pandemic 2020 president Company Shari Redstone

Redstones' Holding Company Amends Credit Pact Without Pledging More ViacomCBS Stock

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

National Amusements, the holding company through which the Redstone family controls ViacomCBS, has amended a credit agreement with its lenders after a recent technical violation of a minimum collateral requirement on a credit line owing to the sharp decline in ViacomCBS' stock price amid the coronavirus pandemic.

National Amusements, whose president is Shari Redstone, got a chance to cure the situation by March 28 and has now agreed with its lenders to terms that cure the technical violation.

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