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Marks & Spencer extends relaxation on covenant tests

Tue 13 April 2021 08:14 | A A A

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(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.

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