Brief: Safestyle UK Says To Achieve Working Capital Injection Alternative Financing Structure Being Sought

Safestyle UK

03/10/2023 07:40

Oct 3 (Reuters) - Safestyle UK PLC  SFES.L :
    * STAKEHOLDER ENGAGEMENT UPDATE
    * IN ORDER TO ACHIEVE A WORKING CAPITAL INJECTION
ALTERNATIVE
FINANCING STRUCTURE THAT REALISES AIMS CURRENTLY BEING SOUGHT
    * IF LOSSES FORECAST FOR REMAINDER OF YEAR MATERIALISE, THIS
WOULD
GENERATE MATERIAL SHORTFALL VERSUS EXISTING COVENANTS OF RCF IN
NOVEMBER
    * BOARD HAS HAD GOOD DISCUSSIONS WITH GROUP'S BANK, WHO HAVE
REMAINED SUPPORTIVE, REGARDING RENEGOTIATING TERMS OF RCF

Source text for Eikon:  ID:nRSC4481Oa 
Further company coverage:  SFES.L 

 (Reuters.Briefs@thomsonreuters.com)