Finablr appoints Independent Financial Advisor to explore possible options including sale

Thu, 9th Apr 2020

Payments and FX platform Finablr said it had appointed Houlihan Lokey, an investment bank, as Independent Financial Advisor to explore strategic options for the company including a debt restructuring, capital raise or sale of assets. The move comes as the company had recently flagged cashflow and liquidity concerns amid a number of factors, including the impact on FX demand from the spread of the coronavirus and the downgrade of Travelex's bonds. Story provided by StockMarketWire.com

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