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News: AMA AMA Group Says Prudent To Withdraw FY20 Guidance

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    09/04/20
    08:50
    Post #: 43963648

    April 9 (Reuters) - AMA Group Ltd (AMA) :

    • PRUDENT TO WITHDRAW FY20 GUIDANCE ISSUED ON FEB 26
    • IN PROCESS OF NEGOTIATING REDUCED RENTAL OBLIGATIONS WITH LANDLORDS
    • LENDERS AGREED TO REPURPOSE EXISTING FACILITIES TO INCREASE WORKING CAPITAL FACILITY BY $35M, WAIVE COVENANT TESTING TO DECEMBER 31, 2020
    • LENDERS AGREED TO PROVIDE A MORE FAVOURABLE COVENANT TESTING REGIME FOR BALANCE OF FY21
    • COMPLETED ANNUAL PLANNING PROCESS WITH SUNCORP ESTABLISHING REVISED TERMS FOR MOTOR REPAIR PARTNERSHIP WITH CAPITAL SMART

    Source text https://reut.rs/3b0K2PG

    (([email protected];))

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