ORANGE COUNTY
Financial Restructuring at MAI: Tustin-based MAI Systems Corp. said it has obtained a waiver from its bank lenders that allows the computer software company to maintain a net worth of less than $25 million without triggering a default of its loan agreement. The company also said its lenders agreed to postpone until Oct. 4 a previous Sept. 30 deadline for a $6-million loan payment from MAI. The company said it is also holding discussions with its creditors to restructure its debt and will meet with bank lenders beginning next week.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
