The Calgary-based company has secured an amendment to its senior loan facilities and an indenture governing its 7% senior secured convertible notes due at the end of 2025.
As such the company is no longer in default of the amended loan or indenture.
The company has also taken other unspecified steps “to maintain its core assets for a period of time”.
Niko has been struggling to put itself on an even keel since falling on hard times in 2014.
