* TLCVision gets limited waiver on credit facility
* Gets waiver till May 31
* Says amount outstanding $82.7 mln, as of Dec. 31
April 3 TLCVision Corp TLC.TO TLCV.O, a
provider of laser vision-correction services, said it secured a
limited waiver on its outstanding credit facility till May 31.
The company said the agreement provides a limited waiver
for defaults and sets certain benchmarks and milestones.
As of Dec. 31, 2008, the amount outstanding on the credit
facility was $82.7 million, the company said.
Last month the company's auditor raised doubts about its
ability to continue as a going concern as it was not in
compliance with its key financial covenants as of Dec 31.
Shares of the company closed at 11 cents Friday on Nasdaq.
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(Reporting by Anand Basu in Bangalore; Editing by Ratul Ray