Melrose wins covenant waiver as lenders take ‘pragmatic’ approach to leniency asks
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Melrose wins covenant waiver as lenders take ‘pragmatic’ approach to leniency asks

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Melrose Industries, the UK industrial conglomerate, has negotiated improved financial covenants with its lenders on around £4.1bn of debt, as loans bankers say there is still a backlog of companies looking to renegotiate covenants in the face of economic fallout from Covid-19.

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