Towergate agrees new covenants with banks
Andy Homer, chief executive of the Towergate Partnership, has said the broker has agreed new debt covenants with both Lloyds TSB and HBOS until the end of 2009. He did not give further details.
Mr Homer also said he expected its sister company Paymentshield to roll into Towergate in 2009 assuming regulatory approval from the Financial Services Authority.
Mr Homer added that the group was not
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