Tabcorp secures debt waiver and scraps ultimate dividend

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Sydney-listed gaming operator Tabcorp Holdings is not going to to pay a ultimate dividend in relation to its 2020 monetary 12 months after securing an settlement with its lenders to waive debt covenants till the tip of the 12 months.

Tabcorp has secured settlement from its financial institution lenders below its Syndicated Facility Settlement (SFA), representing amenities of AUD$2.2bn, for a waiver of leverage and curiosity cowl covenants in relation to the subsequent two testing dates, 30 June 2020 and 31 […]

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