Frankfurt/London — Wirecard’s lenders are demanding more clarity from the company in return for the extension of almost $2bn in financing after it breached terms on the loan, people familiar with the matter said.

At least 15 commercial lenders, including Commerzbank and ABN Amro, are in hectic negotiations about the steps to take after the German payments company said on Thursday it is unable to release its annual report because it cannot locate €1.9bn in cash, the people said...