Slater & Gordon
(ASX:SGH) has reached agreement with its lenders to make some amendments to its loans.
However, the maturity date for the embattled law firm’s debt (in the order of $480 million) still remains May 2018.
Previously, in May this year, the firm made an agreement with its bankers to refinance debt totaling $840 million. This effectively gave it two more years to repay its debts.
Slater & Gordon reported a net loss of $1 billion at 30 June 2016.
