Safes­tay in talks with bank to waive covenants

The Daily Telegraph - Business - - Business -

Hos­tel op­er­a­tor Safes­tay has said it is in talks with its bank to waive covenants on a debt fa­cil­ity that it ex­pects to breach af­ter be­ing im­pacted by the pan­demic. Shares slipped as it also told in­vestors it is mulling the sale and lease-back of some of its prop­er­ties to se­cure its fi­nances. It said it hopes to have all its site re­opened by Oc­to­ber.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.