NEW YORK (TheStreet) -- EveryWare Global
(EVRY) shares are shooting up 55.45% to $1.71 on Monday after the company reached an agreement that would allow it to remain solvent for the rest of the month.
The company reached an agreement with lenders to waive breached debt covenants including a $250 million term loan.
The struggling housewares manufacturer has reported losses in six of the past seven quarters.
Must Read: Warren Buffett's 25 Favorite Stocks
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts