|Delayed - 01/25 11:35:10 am|
Hyve : Event organiser Hyve mulls equity raise to bolster liquidity amid pandemic
|04/14/2020 | 02:28am|
UK-based event organiser Hyve said on Tuesday it was considering raising equity among other options to shore up its balance sheet as it secured a debt commitment waiver for June amid the coronavirus pandemic.
The company, which has warned of a profit hit from the lockdowns, said last month it had drawn down 250 million pounds in credit facilities to bolster its short term liquidity.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Saumyadeb Chakrabarty)