INTERVIEW-UPDATE 1-Northgate looks to renegotiate debt terms

Newswire

* "Very confident" of renegotiating covenant terms * Warns April covenant test will be breached * Wants revised 3 year covenant terms * Expects substantial cut in '09 profit forecasts * Says January trading much worse than expected 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 ...

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