Chesswood Extends Waiver Amid Credit Negotiations

Chesswood (TSE:CHW) has released an update.

Chesswood Group Limited has received an extension on the waiver for its $300 million credit facility non-compliance until August 2, 2024, as it continues negotiations with lenders. While the company is working towards definitive arrangements to address the financial covenant issues, there is no certainty on further waivers or capital transactions, and shareholders are cautioned against placing undue reliance on these developments.

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