Lenders cautious
PA Wellington Financiers to Richmond Smart Corporation want more time to consider a debt restructuring scheme for the company. Richmond Smart announced last week its three main financiers had agreed in principle to proposals that would be put to a meeting of all lenders to the company this week. Richmond Smart chairman, Mr Stephen Smart, said yesterday modifications had since been made “to provide more flexibility to the scheme.” These were put to a financiers’ meeting on Thursday and they would now take more time to discuss the modifications, Mr Smart said.
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Press, 18 February 1989, Page 18
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94Lenders cautious Press, 18 February 1989, Page 18
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