Fletcher gets more headroom on bank covenants
Deal with lenders places potential restrictions on dividend payments.
Fletcher Building acting chief executive Nick Traber.
After issuing a profit warning in May Fletcher Building has announced an agreement with its lenders to ease banking covenants until the end of 2024, although the new terms place potential restrictions on dividends.
In a statement to the NZX, acting chief executive Nick Traber said: “Given the
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