Interserve says it will hit financial covenant targets

By Hamish Champ2020-03-05T12:00:00

Contractor gives assurance as it announces new £125m loan deal

Interserve expects to meet its liquidity and profit covenants next year after securing a new £125 loan deal.

The firm, bought by its lenders in a pre-pack administration deal in March last year after shareholders rejected a rescue plan drawn up by management, said it had secured the loan facility last month.

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