Caffyns (CFYN): HSBC covenant waivers and reset
This situation live
CFYN Caffyns
28 Nov 2025 · Interest cover and leverage tests waived; replacement tests agreed · −6% until the next step
HSBC also agreed to suspend the requirement for the interest cover and leverage covenant tests from 1 January 2026, and to replace those two tests with a single requirement at 31 March 2026 that the C
19 Jun 2026 · HSBC review date extended to April 2028 · +21% since
subsequent to the end of the year, this review date was extended by twelve months to April 2028.
HSBC covenant waivers and reset
HSBC review date extended to April 2028
Every step · 2
- 28 Nov 2025 Interest cover and leverage tests waived; replacement tests agreed – HSBC also agreed to suspend the requirement for the interest cover and leverage covenant tests from 1 January 2026, and to replace those two tests with a... ↗
- 19 Jun 2026 HSBC review date extended to April 2028 – subsequent to the end of the year, this review date was extended by twelve months to April 2028. ↗
What is happening
Caffyns: HSBC covenant waivers and reset – HSBC review date extended to April 2028. ['HSBC review date extended to April 2028']
- Announced
- 28 Nov 2025 · Interest cover and leverage tests waived; replacement tests agreed
- Latest
- 19 Jun 2026 · HSBC review date extended to April 2028
- What it changes
- Full-year loss confirms the weak first half did not recover and the dividend is held. Net debt fell and HSBC extended the facility review to April 2028, easing refinancing risk.
From the company's own announcements. Not investment advice.
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