All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Equity

Severfield plans £50m repair deal

UK structured steel firm Severfield-Rowen is planning a balance sheet repair issue of up to £50m after a contract review identified cost overruns. Shareholders representing 56% of the share capital have indicated support for an equity fund-raising and the company’s lending banks have waived December 2012 covenant tests and are in talks to amend its facilities.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree