Amigo Extends Securitization Facility Waiver Period
25 Junho 2021 - 3:41AM
Dow Jones News
By Jaime Llinares Taboada
Amigo Holdings PLC said Friday that it has agreed to extend the
waiver period of its securitization facility to Sept. 24.
The U.K. provider of guarantor loans also said that it has
reduced its size of the facility to 100 million pounds ($139.2
million) from GBP250 million given the current suspension of all
new lending activity.
"All cash generation arising from customer loans held within the
facility is restricted and will continue to be used during the
extended waiver period extension to further reduce the outstanding
balance of the facility," Amigo said.
The company earlier this month said that it was insolvent and
that it was working with the Financial Conduct Authority to
identify an appropriate way forward.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 25, 2021 02:28 ET (06:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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