for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Events firm Informa aims to be cash positive by Jan after debt restructuring

Nov 11 (Reuters) - Britain’s Informa Plc said on Wednesday it could become cash positive by January after completing its debt restructuring and refinancing, coupled with its cost cutting programme, as the group struggles with the coronavirus hit to the events industry.

The world’s largest exhibitions group said that following its financing action plan, it has available liquidity of more than 1 billion pounds ($1.33 billion), with no debt maturities until 2023 and no financial covenants.

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up