DJ RM plc: Successful negotiation of bank covenants waiver for August 2023 RM plc (RM.) RM plc: Successful negotiation of bank covenants waiver for August 2023 29-Aug-2023 / 07:00 GMT/BST=----------------------------------------------------------------------------------------------------------------------
RM plc 29-Aug-2023 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- 29 August 2023 RM plc Successful negotiation of bank covenants waiver for August 2023 RM plc, a leading international supplier of technology and resources to the education sector , today provides an update on the successful renegotiation of a short-term unconditional covenant waiver with its lenders, and the ongoing discussions with its...
Mark Cook, Chief Executive of RM, commented: "Whilst the last financial year has been extremely challenging, I am grateful for the continuing support of our lenders and the amendment to our facility's covenants. Both lenders have held long term supportive relationships with the Group over many years and continue to support RM as it implements its Transformation Programme to reduce its net debt and return the Company to growth and profitability.
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