Southend could end up suspending operations, according to Esken chair David Shearer, if lender Carlyle pushes ahead with plans to force through early repayment of a £194 million convertible loan by February 16 when it had been set to mature in August 2028. Shearer said he was "doing everything I can" to avoid this worst-case scenario unfolding.
US investment giant Carlyle has accused infrastructure company Esken of flouting the terms of the debt deal, agreed in 2021, with breaches stretching back as far as November 2022.
Esken denies this and has filed a defence in court in a legal battle over the loan repayments.
Esken, formerly known as Stobart Group, warned that forcing through the repayment would have "significant adverse implications" for the airport and would be "value destructive for all stakeholders". Its shares crashed 41% to 0.5p. The stock has fallen more than 90% over the past year.
この記事は Evening Standard の January 23, 2024 版に掲載されています。
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この記事は Evening Standard の January 23, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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