Alsea extends agreement with lenders

Alsea extends agreement with lenders

Loans Debt Mexico Europe United States Commerce Coronavirus

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 €

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