Email Facebook Twitter

Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold

Carillion Regulatory News (CLLN)

Regulatory News for Carillion (CLLN)

Share Price: 14.27Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Carillion
Spread: 0.00Spread as %: 0.00%Open: 14.27High: 0.00Low: 0.00Yesterday’s Close: 14.27

Update on financial covenant deferral

Fri, 22nd Dec 2017 07:00

RNS Number : 1839A
Carillion PLC
22 December 2017

22 December 2017

Update on financial covenant deferral and discussions with stakeholders

Carillion plc ("Carillion" or "the Group") today provides an update on the deferral of its financial covenants and discussions with its financial stakeholders.

Carillion announced on 17 November 2017 that it had commenced a process to seek the consents necessary to amend the relevant agreements to defer the test date for both its financial covenants from 31 December 2017 to 30 April 2018 (based on EBITDA for the 12 months to that date).  Carillion has now received all necessary consents and the deferral of its financial covenants has become effective.

As previously indicated, Carillion is in continuing constructive discussions with stakeholders regarding its options to reduce net debt and recapitalise and/or restructure the Group's balance sheet.  These discussions are progressing well, and the Board still expects to determine the approach and to commence steps to implement the chosen option during the first quarter of 2018.

Keith Cochrane, Carillion's Interim Chief Executive, said:

"We believe that our lenders' decision to defer the test date demonstrates their continuing support.  We remain focused on actively progressing a constructive dialogue with our financial stakeholders on the Group's recapitalisation plans."

This and other Carillion news releases can be found at


For more information 

Kellie McAvoy, Head of Investor Relations, Carillion plc                                         +44 (0) 1902 906333




Teneo Blue Rubicon

Charles Armitstead/Haya Herbert-Burns                                                                 +44 (0) 207 420 3197




This information is provided by RNS
The company news service from the London Stock Exchange

Related Shares:
Carillion (CLLN)

03-Apr-18 07:30RNSUpdate re Liquidation of CarillionCompany Announcement - General
19-Mar-18 07:00RNSFRC investigationCompany Announcement - General
17-Jan-18 08:15RNSAnnouncement Re. Carillion PLCCompany Announcement - General
15-Jan-18 07:45RNSSuspension - Carillion PLCCompany Announcement - General
15-Jan-18 07:00RNSCompulsory liquidation of CarillionCompany Announcement - General
12-Jan-18 18:08RNSUpdate on discussions with creditorsCompany Announcement - General
12-Jan-18 17:08RNSHolding(s) in CompanyHolding(s) in Company
10-Jan-18 17:48RNSHolding(s) in CompanyHolding(s) in Company
09-Jan-18 07:03RNSResponse to share price movementCompany Announcement - General
03-Jan-18 16:44RNSHolding(s) in CompanyHolding(s) in Company
03-Jan-18 07:00RNSRegulatory investigationCompany Announcement - General
22-Dec-17 07:00RNSUpdate on financial covenant deferralCompany Announcement - General
20-Dec-17 10:16RNSBlock listing Interim ReviewCompany Announcement - General
20-Dec-17 07:00RNSChief Executive AppointmentExecutive Changes
13-Dec-17 07:00RNSUpdate on UK healthcare facilities businessMergers, Acquisitions and Disposals
11-Dec-17 07:58RNSHolding(s) in CompanyHolding(s) in Company
01-Dec-17 07:00RNSDirectorate ChangeExecutive Changes
23-Nov-17 12:08RNSHolding(s) in CompanyHolding(s) in Company
22-Nov-17 12:29RNSHolding(s) in CompanyHolding(s) in Company
21-Nov-17 16:11RNSHolding(s) in CompanyHolding(s) in Company
20-Nov-17 07:00RNSFramework AwardCompany Announcement - General
17-Nov-17 07:02RNSUpdateCompany Announcement - General
15-Nov-17 07:00RNSOman - letter of award for contractCompany Announcement - General
06-Nov-17 07:00RNSContract winsCompany Announcement - General
02-Nov-17 07:00RNSDirectorate ChangeExecutive Changes
31-Oct-17 07:00RNSDisposalMergers, Acquisitions and Disposals
27-Oct-17 07:00RNSChief Executive AppointmentExecutive Changes
24-Oct-17 07:00RNSUpdate on financing, disposals and work winningCompany Announcement - General
12-Oct-17 12:43RNSUK Healthcare businessCompany Announcement - General
04-Oct-17 14:58RNSHolding(s) in CompanyHolding(s) in Company

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.