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Tag Archives: Deleveraging Plan

Interserve issues statement regarding deleveraging plan

The Interserve Board has confirmed it has been in discussions with majority shareholder, Coltrane Asset Management, and its lenders, which have sought to establish the basis on which Coltrane would support the company’s restructuring proposal. On Monday (4 March) Interserve announced ...

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Interserve rejects Coltrane Asset Management’s rescue proposal

The Interserve Board has rejected the proposal received on Monday (4 March) from its largest shareholder, Coltrane Asset Management, who are opposed to the Company’s deleveraging plan, following a review with its advisors. The Coltrane Proposal requires the consent of ...

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Interserve results better than expected as deleveraging plan gets underway

Services provider Interserve published a slightly strong set of full year results than expected, for although revenues declined to 10.7 per cent to £2,904.0 million, this compares favourably to 2017 which saw a loss of £244 million; while its operating ...

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Interserve announces deleveraging plan details

Following its 6 February 2019 announcement, the Interserve Board has  provided details of its proposed Deleveraging Plan, which it states has been agreed with all of the company’s lenders, bonding providers and the Pension Trustee. The key elements of the ...

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Interserve rescue plan to be set out in full this week

Interserve has announced it will publish shareholder documents this week which will include the notice of a general meeting of Interserve at which shareholder approval of the Deleveraging Plan will be sought. The documents will also set out the full terms of ...

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Interserve agrees rescue plan with its lenders

Interserve has announced in a statement that key commercial terms of its Deleveraging Plan have been agreed in principle with all of the company’s lenders, bonding providers and the Pension Trustee. The Board believes the Deleveraging Plan which is expected to ...

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Interserve announces progress on its Deleveraging Plan

The Interserve Board has today (21 December) provided an update on its Deleveraging Plan. In its announcement, the international support services and construction company has stated that it continues to be in “constructive discussions with its lenders, who are fully supportive of ...

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