Fri 08/20/2021 10:39 AM
VFS Global managed to just about get reported EBITDA back into the black in June. However, the Switzerland-based visa application services provider burnt through half the €75 million it
raised via a fungible term loan B add-on during the second quarter to shore up liquidity, while visa applications continue to languish, suggesting any potential recovery remains some way off, sources told Reorg.
The EQT-owned group generated 28.7 million Swiss francs ($31.3 million) of revenue in June,...
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