Investors picked to waive Fletcher covenant breach
A non-cash earnings hit is unlikely to faze debt holders, sources say.
Holders of about $1.3 billion of Fletcher Building’s debt are likely to waive a covenant breach if the company’s ability to pay interest remains strong, sources say.
The diversified construction company this morning warned of further losses at its Building & Interiors division, leading to a
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Tim Hunter
Thu, 08 Feb 2018
Thu, 08 Feb 2018
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Investors picked to waive Fletcher covenant breach
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