All this amended loan agreement means is that the bank will let this incompetent management team and board of directors made up of friends and family live to see another quarter of sales before they decide to pull the loan.
Lifetime's incompetent management has put this company in to so much debt that they can not posisbly ever pay it all back. All they have is the ability to service the debt as long as the bond holders and the banks allow them to service the debt. Until the creditors can come up with a way to make themselves whole Lifetime will survive.