INTERVIEW-Northgate confident it can renegotiate bank terms


LONDON, Feb 25 (Reuters) - British van hire company Northgate is very confident it will be able to successfully renegotiate the terms of its bank debt, Finance Director Bob Contreras said in an interview with Reuters. Northgate, which has issued three profit warnings over the past five months, has instigated talks with its banks and other lenders after saying it was in danger of breaching covenants because of deteriorating trading, a write-down in the value of assets, and the weakness of ...

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