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BRIEF-Distribution and Warehousing Network updates on condonation of bank covenant breach
October 27, 2017 / 3:14 PM / a month ago

BRIEF-Distribution and Warehousing Network updates on condonation of bank covenant breach

Oct 27 (Reuters) - Absa Bank Ltd

* GETS FORMAL CONDONATION FROM ABSA BANK ON BREACH AT SEPT 2017 MEASUREMENT DATE OF ONE OF FINANCIAL COVENANTS

* ‍CONDONATION OBTAINED FROM ABSA CONDITIONAL UPON CESSION OF R100 MILLION OF GROHE DAWN WATERTECH DISPOSAL PROCEEDS

* ‍CONDONATION CONDITIONAL ON CESSION FORMS PART OF R200 MILLION DEBT REPAYMENT ENVISAGED FROM GDW PROCEEDS Source text for Eikon: Further company coverage:

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