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Management Resource Solutions in advanced financing talks with Remagen Capital

Mon, 16th Sep 2019

Plant and equipment hire company Management Resource Solutions said it was in advanced negotiations with Remagen Capital to refinance the debt secured over its principle operating subsidiaries. The company said it expected a refinancing transaction to take place 'in the next few days' and that all parties were working towards that end. At the first meeting of creditors of the subsidiaries, held on Monday, the voluntary administrators confirmed that the group was trading, with business as usual. If the re-financing was successful, control of the subsidiaries would be returned to the company, following a vote at a second creditors meeting. Story provided by

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