Corporate
Finance
Financial Press Release
The CMA CGM Group is making its banking covenants evolve and announcing that it has obtained the approval of its banks in the context of the change in accounting standards and the move to IFRS 16.
A new covenant, applicable as of December 31st, 2018, derived from the leverage (net debt / EBITDA), replaces the pre-existing gearing covenant.
The CMA CGM Group is making its banking covenants evolve and announcing that it has obtained the approval of its banks in the context of the change in accounting standards and the move to IFRS 16.
A new covenant, applicable as of December 31st, 2018, derived from the leverage (net debt / EBITDA), replaces the pre-existing gearing covenant.
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