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Virtus Health Provides Liquidity Update

07 May 2020  |  10:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Virtus Health Liquidity Update

Virtus Health confirmed that it has amended its bank finance facilities through to 30 June 2021. The Company management team and its banking partners have agreed to relevant normalisations to covenant calculations which covers the reporting periods up to 31 December 2020. Its management presented to the group's bank syndicate its ongoing trading and cash flow assumptions in the COVID-19 impacted environment, which demonstrated that the liquidity and funding needs of the business can be accommodated through its syndicated facility arrangements, without the need for additional near term funding.

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