Dover Motorsports, Inc. and Its Wholly Owned Subsidiaries Dover International Speedway, Inc. and Nashville Speedway, U.S.A., Inc. Its Amend Credit Agreement with Its Bank Group
February 25, 2021 at 04:41 pm EST
Dover Motorsports, Inc. and its wholly owned subsidiaries Dover International Speedway, Inc. and Nashville Speedway, U.S.A., Inc., amended its credit agreement with its bank group. The credit facility was modified to: extend the maturity date to September 1, 2024; replace the fixed charge coverage ratio with an interest coverage ratio; reduce the total available borrowings under the facility to $25,000,000; and ensure compliance with applicable regulations. As of February 25, 2021, there are no borrowings outstanding under the credit facility, among other things.