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Interserve agrees £480m debt-for-equity swap

Interserve agrees £480m debt-for-equity swap

Interserve has provisionally agreed a deal with its lenders to swap £480m of its debt for new equity. source https://www.constructionnews.co.uk/companies/contractors/interserve/interserve-agrees-480m-debt-for-equity-swap/10039696.article
Interserve agrees £480m debt-for-equity swap

Interserve agrees rescue deal terms with banks

Interserve has agreed principles of a debt for equity rescue deal with its lenders. Debbie White, CEO of Interserve, said: “Agreeing the key commercial terms of the deleveraging plan with our lenders, bonding providers and Pension Trustee is a significant step...
BCEGI confirmed for next phase of £1bn Middlewood Locks

BCEGI confirmed for next phase of £1bn Middlewood Locks

BCEGI has been confirmed on phase two of the £1bn Middlewood Locks development in Manchester. Developers Scarborough International Properties Limited and FairBriar International worked with the Chinese contractor on the first phase which was completed last October....
London office building to be raised by six floors

London office building to be raised by six floors

Developer London + Regional Properties has submitted plans to reconfigure and extend a major office building next to London’s Elephant & Castle tube station. Skipton House, built in 1993, will be partially demolished and extended upwards by six floors, under...
Mace and Balfour teams land HS2 stations

Mace and Balfour teams land HS2 stations

HS2 has today named the construction teams that will build the London terminus at Euston and the west London super-hub at Old Oak Common.HS2 has today named the construction teams that will build the London terminus at Euston and the west London super-hub at Old Oak...