By Adriano Marchese

 

Compass Group PLC said Friday that no decision has been made with regards to a potential capital raise, nor as to any of the details regarding its timing or size.

The FTSE 100 company said it has successfully obtained waivers from its U.S. private placement investors for its leverage covenant tests in September 2020 and March 2021.

However, it said no decision has been made on whether to proceed with a capital raise, nor on any details if one were to take place.

The company noted that it continues to evaluate the merits of a range of options to further increase its resilience.

Compass Group said it would make a further announcement if and when appropriate.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

May 15, 2020 12:52 ET (16:52 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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