PLASTICS CAPITAL benefits from some ‘post Fred’ RBS generosity!
Minor amendments to these facilities have been agreed in order to provide the Company with greater covenant and cash headroom over the next 12 months, as bank debt is repaid.
Management commented that the costs associated with amending these facilities were not significant.
It must be an opportune moment to renegotiate with RBS. Having given Fred a wacking great pension in recognition for his contribution towards the biggest loss in UK corporate…
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