Jackson Hewitt May Hit Debt Wall

Jackson Hewitt LogoPARSIPPANY, N.J. - A tough year for Jackson Hewitt Tax Services may get tougher as the tax preparation chain, which said it would likely breach financial covenants in its credit facility, said it may not be able to refinance a $25 million term loan payment at the end of April. The company has classified the $25 million as a current obligation. It would need an amendment to the credit facility or waiver of any default or Jackson Hewitt would need to classify the $364 million  balance outstanding under the credit facility as a current portion of long-term debt.


Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline