Nursery Today magazine

Mothercare confirms discussions

Further to the announcement on 2 March 2018, Mothercare plc ("Mothercare") confirms that the discussions with its lenders on the terms of its existing financial facilities are progressing constructively.

Mothercare expects those discussions to conclude before 17 May 2018, the scheduled date for the announcement of its preliminary results, and Mothercare's lenders have agreed to defer the testing of their financial covenants due on 24 March 2018 accordingly. Mothercare will make further announcements as and when appropriate.

As previously indicated, they are also exploring additional sources of financing to support and maintain the momentum of their transformation programme and are engaged in preliminary discussions on securing such additional financing.


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