Fletcher Building lenders agree to extend waivers for breach of financial covenants

Wed, 28 Mar 2018

By Jonathan Underhill March 29 (BusinessDesk) - Fletcher Building gained a two-month extension to waivers from its US noteholders and bank syndicate that were granted after it breached lending covenants, suggesting the company wasn't able to negotiate new terms by its March 31 deadline. The waivers were initially put in place until the end of this month and Fletcher had previously set that as the deadline to agree on amendments to its lending terms. Fletcher has been in talks with the bank syndicate and US private placement market notehol...

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