Print Published 6th Mar 2018, 13:50

r4e’s bank grants waiver for Q3 covenant breach

Reach4Entertainment Enterprises, the AIM listed entertainment marketing group, confirmed today that its bank PNC Financial Services UK has formally agreed to issue a waiver of its rights in connection with the breach by the company of its rolling 3-months monitoring covenant in the third quarter of 2017 (see Reach4Entertainment expects £1m restructuring charge).