England's ASOS is in final states of modifying revolver covenants

Chicago, Oct. 17 – ASOS plc confirmed that it is in the final stages of working with its lenders to modify future financial covenants on its revolving credit facility, which matures in July 2024, according to a press release.

The company is seeking increased financial flexibility, against an uncertain economic backdrop.

The company said it retains a strong liquidity position and this is a prudent step in the current environment.

ASOS is a London-based online fashion retailer for young adults.

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