Carillion granted breathing space to secure its financial position
Carillion has been granted more time to get itself back on its feet after its truly awful year.
The Wolverhampton company said last month that it was looking to defer the testing of its financial covenants until April 30 next year, by which time it hoped it would be more secure after a series of profit warnings saw its share price plunge.
In the period since November 17 it has been in talks with financial stakeholders but it has now been given the consents necessary to amend the relevant agreements in order to defer the test dat... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
