Nortel must have a net worth of at least US$1.88 billion, and it may report a first-quarter loss, before interest, taxes, depreciation, amortization and other items, of no more than US$500 million, according to a recent US Securities and Exchange Commission filing.
Nortel also agreed to minimum Ebitda covenants for the rest of next year and the first three quarters of 2003, according to the filing. The company didn't elaborate other than to say it must improve its results during the next two years.
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