Safestyle UK explores alternatives including sale (updated)

Safestyle UK

10/10/2023 19:05

(Adds comment from the company and background)
       Oct 10 (Reuters) - Safestyle UK  SFES.L  on Tuesday
confirmed it was exploring alternatives, including a potential
sale of the company or a capital injection, as it deals with
financial woes. 
        The maker of polyvinyl chloride replacement windows said
it has engaged Interpath Advisory to assist with the process,
adding that a number of different parties had expressed their
interest.   
  
        The company earlier this month 
    said
     it was in talks with stakeholders for funding and was
working to achieve alternative financing solutions.
  
        The London-listed firm also said it was compliant with
covenants of its 7.5 million pounds ($9.20 million) borrowing
facility and that it was renegotiating terms of its revolving
credit facility.
  
        Sky News 
    first reported
     the news of Safestyle exploring sale options.
  
              
    ($1 = 0.8155 pounds)
  

 (Reporting by Akshita Toshniwal In Bengaluru; Editing by Sherry
Jacob-Phillips and Shweta Agarwal)
 ((Akshita.Toshniwal@thomsonreuters.com;))