Towergate's Lyons hails creditor deal as ‘vote of confidence’ in the broker
Alastair Lyons, Towergate interim CEO, has hailed the deal reached with secured and unsecured creditors as “a vote of confidence” in Towergate and its future strategic plans.
The business had announced on Monday that it had done a debt-for-equity swap, which would see its secured creditors take control of 100% of the group and the exit of previous investors including
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