Murray & Roberts (M&R) on Monday told investors it had secured R250m in credit and post-commencement finance from capital markets, indicating strong support from the financial markets as the group tries to get back on its feet.

The post-commencement finance funding of R130m is set to help M&R stay afloat by providing capital for operations and restructuring. This is after its subsidiaries, M&R and OptiPower units were placed in business rescue on November 22 (https://www.businesslive.co.za/bd/companies/industrials/2024-11-22-murray-roberts-suspends-trading-of-shares-as-division-enters-business-rescue/) to deal with various issues including a lack of liquidity, and business rescue practitioners were appointed...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.