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Videndum says debt discussions progressing positively
(Sharecast News) - Videndum said in an update on Tuesday that its debt discussions were progressing, as it confirmed it would publish its audited results for the year ended 31 December on 30 April. The London-listed film and television equipment and technology specialist said it expected the figures to be in line with the guidance it provided in its trading update on 16 December.
It also confirmed that discussions with its lending banks to reset all future covenants under its revolving credit facility were progressing positively.
The board said the reset was expected to be completed ahead of the end-April deadline.
In parallel, Videndum said it was advancing plans to refinance the facility, which matures in August 2026.
Reporting by Josh White for Sharecast.com.
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