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Media Square shares suspended after funding issues

CMW, has been suspended after its bank refused to provide additional short-term funding requirements....from its bank. Today Media Square said it "has been operating with limited headroom against its ... the seasonal peak in working capital requirements". Media Square s bank has said it cannot commit to amending the company's banking covenants and will not extend the facilities available to it and so Media Square has ...

Close-Up: Is private equity good for agencies?

. Bank debt is relatively cheap and, after paying any interest, it allows the balance of any profit ...

 

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