Pubco Marston’s looks for fresh waivers

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By Silas Brown
11 Nov 2020

UK pub chain and brewer Marston’s asked some of its noteholders for fresh covenant waivers on Wednesday, as a measure to help mitigate the impact of a second lockdown.

Bondholders of Marston’s secured class ‘A’ notes have been asked to respond to the consent solicitation by December 1, with an investor meeting set for December 3. If accepted, the waivers to avoid technical default will last for the first half of 2021.

This is the second time ...

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