NRW denies debt disaster looming

SPECULATION that NRW Holdings lacks the capacity to service its doubled debt load has been denied with the company saying it will meet its A$38 million scheduled payment this month “from business cashflows” and expects to end the quarter with $100 million in cash.

NRW denies debt disaster looming NRW denies debt disaster looming NRW denies debt disaster looming NRW denies debt disaster looming NRW denies debt disaster looming

NRW insists it has the capacity to service its debt.

The company's total debts at the end of December 2019 were $409 million, including $194 million assumed in that month's takeover of BGC Contracting.

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