| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for DWF Group plc > News item |
DWF Group seeks additional contingency facilities, relaxed covenants
By Sarah Lizee
Olympia, Wash., March 27 – DWF Group plc is seeking additional contingency facilities from its lenders to ensure that the group has increased headroom for working capital purposes and a relaxation of some covenants for a period of time, according to a notice.
The group has an £80 million revolving credit facility with HSBC, NatWest and Lloyds and currently expects to continue to operate within the limits of that facility.
“The group has a strong relationship with its lenders and has had positive initial discussions, which are ongoing,” DWF said in the release.
The law firm is based in Manchester, U.K.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.