British consumer lender Non-Standard Finance (NSF) said on Friday it has agreed provisional terms with its lenders to convert 71 million pounds ($89 million) of secured debt into equity as part of a recapitalisation that would likely wipe out existing shareholders.
Non-Standard Finance PLC on Friday announced that Chair Charles Gregson will not stand for re-election at the company s annual general meeting.
The Wakefield, West Yorkshire-based consumer lending. | April 14, 2023