Asos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
In a note issued to the City this morning, Asos said an announcement about new covenants on its current credit facilities, which mature in summer 2024, was imminent, which “will give Asos significantly increased financial flexibility against the uncertain economic backdrop”.
Already have an account? Sign in here