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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 153.25
Bid: 153.20
Ask: 153.25
Change: 0.50 (0.33%)
Spread: 0.05 (0.03%)
Open: 152.85
High: 153.40
Low: 151.90
Yest. Close: 152.75
MKS Live PriceLast checked at -

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Marks & Spencer says covenant relaxation extended until next year

Tue, 13th Apr 2021 20:34

(Alliance News) - Marks & Spencer Group PLC on Tuesday said it has secured an agreement with lenders to extend a relaxation of covenant tests.

Covenant tests for a GBP1.1 billion revolving credit facility, with a syndicate of banks, has been extended until March of next year.

"This further secures the group's liquidity to underpin its recovery and accelerated transformation in 2021," the retailer said.

M&S shares closed 1.5% higher at 157.20 pence each in London on Tuesday.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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