29th Jun 2020 20:06
(Alliance News) -Â Non-Standard Finance PLC - subprime lender - Says discussions with lenders proceeding "positively" and provider of GBP200 million securitisation facility has agreed to extend the previous waiver so that a "more permanent solution" can be reached. The board is exploring alternative capital structures under which the facility could help to fund a "more ambitious and profitable longer-term growth plan", and preliminary talks with a number of its larger shareholders regarding a possible equity issue to facilitate such a plan have been "positive and are ongoing".
Current stock price: 7.00 pence
Year-to-date change: down 67%
By Lucy Heming;Â [email protected]
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