News: AMA AMA Group Says Prudent To Withdraw FY20 Guidance

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

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