29 May 2009

Banking covenants re-negotiated by Tenon

12:26 pm on 29 May 2009

Tenon has re-negotiated its banking covenants, which will improve the company's financial flexibility.

The building products company says it has also reduced the loan from 75 million US dollars to 55 million.

Tenon expects full year earnings before tax to be in a range of $US10 - $US11 million.