Brief: Wasteco Group Says Breached Quarterly Interest Cover Ratio & Leverage Ratio Covenants With Kiwibank

WasteCo

11/09/2024 02:30

Sept 11 (Reuters) - WasteCo Group Ltd  WCO.NZ :
    * BREACHED ITS QUARTERLY INTEREST COVER RATIO AND LEVERAGE
RATIO
COVENANTS WITH ITS PRIMARY FINANCIER, KIWIBANK
    * REVIEWING ITS COST STRUCTURE IN LIGHT OF CURRENT TRADING
ENVIRONMENT
    * HAVING CONSTRUCTIVE DISCUSSIONS WITH KIWIBANK REGARDING
THIS
BREACH
    * AS PART OF NEGOTIATIONS SEEKING KIWIBANK'S AGREEMENT TO
EITHER A
WAIVER OR VARIATION OF THESE QUARTERLY COVENANTS

Further company coverage:  WCO.NZ 

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