Jackson Hewitt Won't Meet RAL Deadline

Friday, 19 November 2010
Tax

Jackson Hewitt logoJackson Hewitt Tax Service said today that it is unlikely to find a lender to fund half of its refund anticipation loan business for the upcoming tax season before a bank-imposed deadline. However, while failure to do so would constitute a default on its $375 million credit facility, the tax preparation company received a week extension on a key deadline and believes it will be let off the hook for default.

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