Fletcher extends trading halt until Wednesday, in talks with lenders

Sun, 11 Feb 2018

By Jonathan Underhill Feb. 12 (BusinessDesk) - Fletcher Building, which had planned to reveal bigger losses at its building and interiors (B+I) unit today, has extended its trading halt until Wednesday saying it has yet to complete a review of key projects and has begun talks with lenders about breaching covenants. The company first had its stock and capital notes halted last week, saying it expected to breach one or more of its debt covenants because of further "material losses" at B+I. The halt was to have lifted today. "The current...

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