Intu in danger of breaching covenants as it fails to get investor backing for fundraising

By David Parsley2020-03-04T08:21:00

Troubled retail property giant Intu has canned attempts to raise up to £1.5bn from investors after failing to gain enough support, and has warned it could be in breach of banking covenants by July.

Since last October Intu has attempted to persuade investors to back an equity raise of between £1bn and £1.5bn.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue