Mothercare confirms talks with lenders "progressing constructively"

Further to the announcement on 2 March 2018, Mothercare Plc has confirmed that the discussions with its lenders on the terms of its existing financial facilities are progressing constructively. The company expects these discussions to conclude before its preliminary results announcement on May 17, 2018. The company also stated that Mothercare's lenders have agreed to defer the testing of its financial covenants due on March 24, 2018 accordingly. Mothercare is also exploring additional sources of financing to support and is in preliminary discussion with the investors.