Mitchells & Butlers came close to breaching terms of debts on back of Covid crisis
The owner of Harvester restaurants and Nicholson’s pubs plans to raise £350m from a group of tycoons known as the “Sandy Lane set” after it came close to breaching the terms on its debts.
Mitchells & Butlers said it had agreed the equity raise with three investment holding companies as part of a £500m rescue package that also included a £150m three-year loan facility.
