Summary
VAN hire company Northgate believes it can start rebuilding its beleaguered finances after announcing a pounds 108m share issue to help it service its debt mountain.
The Darlington plc, which has cut nearly 360 jobs in recent months, is looking to raise the cash through two separate share issues to help pay the pounds 195m it owes to banks and holders of its US loan notes over the next 18 months.See the full content of this document
Extract
Northgate Hits Road to Refinancing
To help ensure it is able to keep to its promises, the firm has also agreed a new loan facility worth pounds 880m, which it said it w...
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