Lender faces race to survive as deadline to raise £45m looms
Directors at struggling credit provider Amigo have said they are "leaving no stone unturned" as they battle to raise £45m and save the company.
The Bournemouth-based lender said it has had "indicative interest" for £10m-£15m of equity and £10m of exchangeable notes and conversations are continuing.
Amigo is in a Scheme of Arrangement that requires a 19:1 capital raise to be completed by May 26th. A minimum of £15m would then be paid to the scheme fund for creditor redress.
But if the board expects the capital raise to be... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
