Fletcher Building gets more financial flexibility

Acting CEO Nick Traber. (Image: FBU)

Tue, 04 Jun 2024

Fletcher Building has announced two agreements with its lenders that provide additional financial flexibility in a tighter economy. “Given the current market environment and outlook, we have taken pre-emptive steps to reinforce the company’s resilience for the medium-term to position ourselves to navigate the tougher trading conditions,” acting chief executive Nick Traber told the Australian Securities Exchange (ASX) on Monday. In May, the company lowered its guidance and said it expected net debt at June 30 to be b...

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