Hotel firm Whitbread amends clause to avoid technical default

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Hotel firm Whitbread amends clause to avoid technical default

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Businessman reading documents with magnifying glass concept for analyzing a finance agreement or legal contract | Brian Jackson - stock.adobe.com

Whitbread, the UK hotel and restaurant company behind Premier Inn, has amended a clause in its debt documentation which could have left it liable for technical default. One source said several companies may have to go through a similar amendment process.

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