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Tabcorp secures debt waiver and scraps final dividend

20th May 2020 8:32 am GMT

Sydney-listed gaming operator Tabcorp Holdings will not to pay a final dividend in relation to its 2020 financial year after securing an agreement with its lenders to waive debt covenants until the end of the year.

Tabcorp has secured agreement from its bank lenders under its Syndicated Facility Agreement (SFA), representing facilities of AUD$2.2bn, for a waiver of leverage and interest cover covenants in relation to the next two testing dates, 30 June 2020 and 31 [...]

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