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Pumpkin Patch in talks with bank after cutting guidance, delaying results

Jonathan Underhill
Thu, 24 Sep 2015

By Jonathan Underhill Sept. 25 (BusinessDesk) - Pumpkin Patch delayed the release of its 2015 results and said provisioning means it will miss earnings guidance and post a bigger net loss, which has forced the children's clothing retailer into talks with its lender, ANZ Bank New Zealand. The Auckland-based company is in talks to extend the terms of its $75 million banking facility, of which the first $25 million tranche comes due on Sept. 30 and the remaining $50 million expires on Feb. 29 next year. Pumpkin Patch shares dropped 17 percen...

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