CLT cellnet group limited
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News: CLT Cellnet Group Says Westpac Advised Co Did Not Comply With Loan Covenant For 12 Months

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    15/10/19
    21:10
    Post #: 40896932

    Oct 15 (Reuters) - Cellnet Group Ltd (CLT) :

    • ADVISED BY WESTPAC THAT CO DID NOT COMPLY WITH ITS [EBIT TO 2.5 TIMES INTEREST EXPENSE] LOAN COVENANT FOR 12 MONTHS ENDED 30 JUNE 2019
    • WESTPAC INCREASED EXISTING FACILITY LIMIT BEYOND LIMIT PREVIOUSLY PROVIDED UNDER CO'S BUSINESS FINANCE AGREEMENT
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