OCC's Total Liabilities to Tangible Net Worth Bank Loan Covenant
On April 30, 2019 (FY2019 Q2-end), OCC was "not in compliance" with the Total Liabilities to Tangible Net Worth covenant in its credit agreement with Pinnacle Bank. That was first disclosed by OCC's CFO Tracy Smith on the FY2019 Q2 quarterly conference call held at 10am on June 11, 2019:
Source: OCC FY2019 Q2 quarterly conference call
There were no live questioners on the call to ask for further elaboration on the Total Liabilities to Tangible Net Worth covenant, but further disclosure was