Solwers Plc amends terms of financing agreement
Construction group Solwers Plc has agreed to an amendment of its financing agreement terms with its principal bank. The covenant concerning the net debt to EBITDA ratio has been temporarily eased.
Solwers Plc announced on August 24, 2026, that it has entered into a material amendment to the terms of the Group's financing agreement with its principal financing bank. The changes primarily affect the covenant measuring the company's leverage.
Under the amended agreement, the maximum threshold for the ratio of net debt to EBITDA has been temporarily eased, effective from September 30, 2026. This adjustment is intended to provide the company with short-term flexibility.
The return to the original covenant level will be gradual. The threshold under the amended financing agreement will tighten progressively by June 30, 2027, at which point the original covenant level of 3.5x will apply. The minimum equity ratio requirement of 35 percent remains unchanged.
This amendment is expected to support Solwers Plc's strategic development and provide necessary time to implement measures aimed at managing its debt levels.