Thread regarding Heald College layoffs

Forebearance Fee of $250,000 due Bank of America this Friday, April 24

According to the terms of the Forbearance Agreement entered into with B of A for $129,000,000 owed them by Corinthian, they have to pay B of A a forbearance fee of $250,000 this Friday, April 24 along with repaying all borrowings of Everest Canada plus accrued and unpaid interest (that came due April 17th) The money must come from non-Title IV funds. The Forbearance period ends on April 30th but could end earlier if CCI files for bankruptcy or under other conditions. Magic Buyer, where are you? Hurry up now!

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Post ID: @OP+B5Z1oP0

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http://biz.yahoo.com/e/150403/coco8-k.html

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Post ID: @MFz+B5Z1oP0

Where are you getting this info from?

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