April 7, 2021
Mexican restaurant operator Alsea said it extended an agreement with its "relationship banks" to extend the suspension of "certain covenants" in its loan contracts until June next year.
"This puts Alsea in a stronger position to continue facing the impact of the COVID-19 pandemic and to ensure the continuity of its priority strategic projects," the company said in a statement.
According to the agreement, Alsea cannot have more than MXN19.4 billion ($961 million) in debt, including no more than €
Mexican restaurant operator commits to holding debt below $1 bln and keeping cash above $150 mln until June next year