U.S. markets open in 9 hours 29 minutes

ViacomCBS-parent National Amusements amends credit deal with lenders

March 26 (Reuters) - National Amusements Inc, the parent of ViacomCBS, said on Thursday it has reached a deal with its lenders to amend borrowing terms and now has substantial cash reserves to fund operations.

The agreement followed a recent slump in the stock price of ViacomCBS that violated a minimum requirement for the credit line, the Wall Street Journal reported https://www.wsj.com/articles/viacomcbs-parent-national-amusements-reaches-deal-to-restructure-credit-with-lender-11585229593?mod=searchresults&page=1&pos=1.

The holding company, owned by billionaire Sumner Redstone and his daughter, said it would not sell more stock of the media company. (Reporting by Ayanti Bera in Bengaluru; Editing by Saumyadeb Chakrabarty)