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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 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.
Second major acquisition for NRW this year.
