Fagron granted waiver of revolver’s financial covenants through March

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Fagron NV has been granted a waiver of the financial covenants under its revolving credit facility through the end of March, according to a press release.

The company said that during the waiver period it will focus on a possible public or private capital increase to protect its financial situation for the longer term.

The pharmaceutical research and development company is based in Waregem, Belgium.

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