R&Q reports progress on Accredited sale lender approval but says expected proceeds slashed

Published: Tue 30 Apr 2024

R&Q has entered into a lock-up agreement with a number of lenders relating to debt restructuring and other issues as it seeks their approval to sell Accredited to Onex in a deal it hopes to complete this quarter but said expected available net cash proceeds would be much lower at $65mn to $110mn.