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Events firm Informa aims to be cash positive by Jan after debt restructuring

Nov 11 (Reuters) - Britain’s Informa Plc said on Wednesday it could become cash positive by January after completing its debt restructuring and refinancing, coupled with its cost cutting programme, as the group struggles with the coronavirus hit to the events industry.

The world’s largest exhibitions group said that following its financing action plan, it has available liquidity of more than 1 billion pounds ($1.33 billion), with no debt maturities until 2023 and no financial covenants.

$1 = 0.7532 pounds Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich

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