HYVE GROUP PLC
ITE
 Delayed - 01/25 11:35:10 am |
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| 109.6GBX | -5.76% |
Hyve : Event organiser Hyve mulls equity raise to bolster liquidity amid pandemic
| 04/14/2020 | 02:28am |
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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)
© Reuters 2021
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