Brief: Non-Standard Finance Says Alternative Transaction Has Completed
10/07/2023 07:08
July 10 (Reuters) - Non-Standard Finance PLC NSF.L :
* SAYS NSF ANNOUNCES THAT ALTERNATIVE TRANSACTION HAS
COMPLETED
* FOLLOWING THE APPOINTMENT OF FIXED CHARGE RECEIVERS IN
RESPECT
OF THE SHARES IN NSF FINCO LIMITED, THE GROUP'S BUSINESS HAS
BEEN TRANSFERRED TO A NEWLY-INCORPORATED COMPANY OWNED BY THE
GROUP'S SECURED LENDERS. IN
EXCHANGE FOR THIS, THE SECURED LENDERS HAVE RELEASED £70 MILLION
OF THEIR SECURED DEBT AND PROVIDED £40 MILLION OF ADDITIONAL
LIQUIDITY
Source text for Eikon: ID:
Further company coverage: NSF.L
(Reporting By Simon Jessop)
((simon.jessop@thomsonreuters.com;))
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