Briggs & Stratton’s 30-day grace period on a $6.7 million interest payment expired on July 15, 2020, however the company has received a 4-day extension on its revolving credit agreement according to an 8-K filing with the U.S. Securities and Exchange Commission.
According to a recent filing with the Securities and Exchange Commission, Briggs & Stratton opted to not make a $6.7 million interest payment and instead the board of directors voted to pay executives and other key employees more than $5 million in cash retention awards
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