Viacom said its lenders waived certain terms.

The New York-based entertainment company, which apparently exhausted its existing credit line last month when it purchased a 17% block of its own shares from financier Carl C. Icahn for $217 million in cash, said its lenders have waived certain covenants until Sept. 30. Viacom International said its bankers imposed two conditions, requiring the firm to raise at least $125 million through an equity offering by Sept. 30 and to keep its total debt at or below $1.25 billion. Viacom said its debt was $1.06 billion as of May 31.