Randall & Quilter Investment Holdings Ltd. (GB:RQIH) has released an update.
R&Q Insurance Holdings Ltd has announced a major step forward in its financial restructuring, having entered into a lock-up agreement with key creditors in anticipation of selling its program management business, Accredited. The sale is expected to bring in net proceeds of $65 million to $110 million, a decrease from previous estimates, which will be used to reduce debt while maintaining liquidity for ongoing operations. The company is working towards a Q2 2024 closing date for the sale and continues to seek the necessary regulatory approvals.
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