It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Marks & Spencer extends relaxation on covenant tests

Tue 13 April 2021 08:14 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Marks & Spencer has extended the relaxation of covenant tests with its lending syndicate of banks providing the £1.1bn revolving credit facility, now up to and including the period to March 2022.

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

The retailer is due to report its preliminary full-year results on 26 May.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast