CPP gets another week to secure its future

CPP has been given another lifeline after agreeing a further week's extension with its lenders to help it explore ways to secure its future.

The struggling York-based credit card insurer had agreed a two-week extension to prevent the expiry of its finance facilities with its lenders today and now has until April 19 to continue to pursue a way forward.

It said this morning that it "continues in constructive discussions with its existing lenders and others in relation to a number of financing and strategic options".

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