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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

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Share Price: 258.30
Bid: 258.30
Ask: 258.50
Change: 0.00 (0.00%)
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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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