Serco SEA re covenant agreement
Date: 18 Dec 2014
Serco Group plc (Serco), the international service company, announces that it has today reached agreement with its Bank and US Private Placement lenders to amend its financial covenants. This includes deferral of the next covenant testing date to 31 May 2015. As set out in the update issued on 10 November 2014, this will ensure that Serco has a solid financial platform from which to implement the comprehensive refinancing and proposed rights issue planned for the first quarter of 2015.
Further updates will be provided in due course.
For further information please contact Serco:
Stuart Ford, Head of Investor Relations T +44 (0) 1256 386 227
Marcus De Ville, Head of Media Relations T +44 (0) 1256 386 226
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