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.

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