Waiver granted from banking covenant
Enprise Group Limited (NZX:ENS) advises that as per the preliminary full year
results announcement the formal waiver sort from the BNZ has been granted.
BNZ has provided a waiver of the 30 June 2022 banking interest cover and
leverage covenant, and a modification to the group’s banking covenants on 23
September 2022. These remove the leverage ratio testing requirement, and
temporarily waive the interest cover ratio requirements until 30 June 2023.
The bank has provided a waiver of these breaches agreeing to not take further
action on this occasion.
For and on behalf of the board
Elliot Cooper
Chief Executive Officer
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